Richemont rises after Yoox Net-A-Porter sale announcement
** Shares in Cartier-owner Richemont CFR.S rise 1.8% after the Swiss company announced a deal to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business
** "Overall, we see the announcement as positive for the sentiment, although we estimate the impact on Richemont to be marginal," analysts at Vontobel say
** Richemont has agreed to sell YNAP to Mytheresa in exchange for a 33% stake in the German luxury fashion platform
** The stock tops the Swiss blue-chip index .SSMI
Reporting by Linda Pasquini
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