MILAN — Yoox Group on Wednesday reported a 9.7 percent gain in net profit to 10 million euros, or $13.9 million at average exchange, for the year ended Dec. 31.
The increase was achieved despite investments last year in new global operations, a distribution platform and technological innovation, in addition to the opening of new offices in Milan, the expansion of Yoox premises in Bologna, and the start-up of operations in China. For the first time, the U.S. became the company’s largest market last year.
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