All Yoox Net-a-Porter articles
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News briefs
EU clears Farfetch acquistion of YNAP stake from Richemont
The European Commission has unconditionally cleared the acquisition by the British online fashion retailer Farfetch of a 47.5 percent stake in Yoox Net-a-Porter (YNAP) from the Swiss luxury goods group Richemont in exchange of Farfetch shares. The commission was the last regulatory hurdle required to obtain clearance for the deal, ...
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News briefs
U.K. competition regulator to probe Farfetch purchase of YNAP stake
The U.K.’s competition regulator is probing Farfetch’s deal to buy a stake in the online retail business Yoox Net-a-Porter (YNAP) from the luxury goods giant Richemont. The Competition and Markets Authority (CMA) is now examining whether the deal to sell a 47.5 percent stake in YNAP to the online retailer ...
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News briefs
YNAP fined €5.25m in Italy for alleged misleading pricing, limiting returns
Italy’s antitrust authority has fined Yoox Net-a-Porter (YNAP) €5.25 million for allegedly misleading prices and limiting the right to return merchandise during a period running from 2019 to 2022. In particular, the regulator claims that the company limited consumers’ right to return merchandise by unilaterally blocking completed online orders, without ...
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ArticleRichemont to sell majority stake in YNAP to Farfetch and Emirati businessman
Richemont has signed a deal to initially sell a 47.5 percent stake in its online fashion retailing unit Yoox Net-a-Porter (YNAP) to Farfetch and a 3.2 percent stake to Symphony Global, one of the investment vehicles of the Emirati businessman Mohamed Alabbar. The move will make YNAP a neutral distribution ...
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News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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News briefs
Yoox launches a marketplace in Europe
Yoox, which is part of the Yoox Net-a-Porter online retailing group, has launched its marketplace in almost 30 countries across Europe, with plans for further expansion across the U.S., Middle East and North Africa and Japan. The service supplements Yoox’s brand portfolio. The marketplace gives customers access to over 150,000 ...
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News briefs
Richemont, Farfetch in talks to expand their partnership
Richemont is in advanced talks to enhance its partnership Farfetch. The deal under discussion would involve Farfetch investing directly in Yoox Net-a-Porter (YNAP) as a minority shareholder, with other investors to be invited to participate, according to the Swiss luxury goods company. Other industry players and investors have already indicated ...
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News briefs
YNAP joins forces with Klarna
Yoox Net-a-Porter ( YNAP ), the fashion online retailer owned by the Swiss luxury goods group Richemont , has entered an international partnership with the Swedish retail banking, payment and shopping service Klarna . Thanks to the agreement, YNAP’s customers will be able to pay using Klarna’s ”buy now, ...
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News briefsYoox Net-a-Porter names Geoffroy Lefebvre CEO
Yoox Net-a-Porter ( YNAP ), the fashion online retailer owned by the Swiss luxury goods group Richemont , has appointed Geoffroy Lefebvre as chief executive, effective on Jan. 4. He replaces Federico Marchetti who remains as chairman. In March, Marchetti announced his intention to relinquish the ...
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News briefs
Yoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont , is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the ...
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News briefs
CEO of Yoox Net-a-Porter stepping down
Federico Marchetti , the founder, chairman and chief executive of Yoox Net-a-Porter , the Italian-based online fashion retailer owned by the Swiss Richemont group, plans to step down as chief executive in 2021. In an interview with WWD , Marchetti said that he intends to remain as chairman to “ensure ...
