If the deal goes through, YNAP will be delisted from the Milan Stock Exchange.
The two platforms will showcase the women’s and men’s collections of main international fashion labels.
The line includes the traditional furlanes worn by the gondoliers of Venice in velvet.
“We are advancing with our integration and all our teams have worked together as one,” said CEO Federico Marchetti.
The deal is aimed at enhancing the omni-channel browsing, shopping and delivery experience for consumers.
The high-profile deals that kept market watchers on their toes in 2015.