Richemont teams up with Alibaba, Kering goes solo
Richemont, which recently acquired Yoox Net-A-Porter (YNAP), has signed a joint venture with Alibaba to offer luxury brands on a new e-commerce website of Alibaba, the Tmall Luxury Pavilion. Mobile apps will be launched in China for YNAP's Mr. Porter and Net-A-Porter websites with Alibaba's technology, logistics, payment and marketing ...
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