Richemont said Italian stock-market regulator Consob approved its offer to take full control of Italian online fashion retailer Yoox Net-A-Porter Group SpA, an offer valued at 2.69 billion euros ($3.33 billion). "Richemont Says Italy Regulator Consob Approved Offer for YNAP," at 0632 GMT, assigned an incorrect value to the company. EUR2.69 billion is the value of the offer, not of Yoox Net-A-Porter.

(END) Dow Jones Newswires

March 15, 2018 07:42 ET (11:42 GMT)