► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Italy's Yoox and Richemont's Net-a-Porter have agreed a 50:50 all-share merger to create the world's largest online luxury brands retailer. Lex's Alan Livsey and Oliver Ralph discuss why Richemont has limited its voting rights to 25 per cent.<br /><br />Make better investment decisions with Lex<br />http://www.ft.com/lex<br /><br />► Lex: http://bit.ly/1I14JZF<br /><br />► UK Business & Politics: http://bit.ly/1AXNyGS<br /><br />► Burberry CEO gives Leadership advice: http://bit.ly/1dJxe13<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
