article_snippet: But the pair hope the pair bigger size will help cut warehouse, logistical, back-office and distribution costs, lifting margins.
article_snippet: NAP, which is regarded as having helped make online shopping an entertainment experience, specializes in current season and off-the-runway items and advises customers on what to wear customers with.
article_snippet: Marchetti said NAP would have the same valuation as Yoox once the deal was completed in September.
article_snippet: Analysts valued NAP at around 1.5 billion euros, above Yoox which stood at 1.32 billion euros on Friday before news of the deal came out.
article_snippet: The combined business will generate adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of around 108 million euros in 2014 and annual synergies of around 60 million euros by the third full year, Yoox said.
highlights_snippet: The merge will create the world’s biggest online luxury-goods retailer with combined sales of $1.4 billion .
  