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UK watchdog launches investigation into Richemont's sale of YNAP to Farfetch

The UK’s Competition and Markets Authority (CMA) launched a probe into Richemont’s sale of e-commerce businesses Yoox Net-a-Porter (YNAP) to Farfetch, and if they may pose unfair competition. The CMA has invited comments on the transaction from any interested party, as it takes a deep dive into the merger situations, which is regulated by the...

1 Feb 2023

Business

YNAP fined 5.25 million euros by Italian watchdog for misleading pricing

Luxury pureplayer YNAP, which operates the Net-a-Porter and Yoox e-commerce businesses, was fined 5.25 million euros by Italy’s antitrust body. The hefty fine for misleading prices came as the etailer was alleged to limit the right to return merchandise purchased between 2019 and 2022. Shoppers experienced limited rights to return merchandise...

16 Jan 2023

People

YNAP appoints new regional general manager for Japan

Italian luxury retail group Yoox Net-a-Porter (YNAP) has named Philippe Larrieu as its new regional general manager for Japan. Larrieu joins from Clarins, where he was president and representative director for the company’s Japan business. Earlier in his career, he held various management roles at brands including Chanel and L’Oréal. In his new...

12 Oct 2022

PeopleFeatured

YNAP names Alison Loehnis as interim CEO

Italian luxury retailer Yoox Net-a-Porter (YNAP) has announced Alison Loehnis as its new interim CEO, effective October 31. Loehnis joined Net-a-Porter in 2007 as vice president of sales and marketing, before working her way up the ranks to become president in 2011, and finally to her current role as president of Net-a-Porter, Mr Porter and The...

11 Oct 2022

BusinessFeatured

Richemont to sell YNAP stake to Farfetch and Alabbar

Luxury conglomerate Richemont has confirmed that it is selling its stake in online fashion retailer Yoox Net-A-Porter (YNAP) to Farfetch and Alabbar, while also announcing its brands and YNAP will be switching to Farfetch Platform Solutions as part of its Luxury New Retail vision. Richemont said in a statement that Farfetch will acquire a 47.5...

24 Aug 2022

BusinessFeatured

YNAP, Zalando and About You collaborate on a climate action initiative

Three of Europe’s largest online retailers Yoox Net-A-Porter, Zalando and About You are collaborating on a one-of-a-kind climate action plan to reduce carbon emissions within their value chains and across the fashion industry. The unique industry collaboration will see the three retailers launching a bespoke online learning platform that will...

20 Jul 2022

Retail

Mr Porter expands luxury watch category

Menswear e-tailer Mr Porter is expanding its luxury watch offering. The company, owned by Yoox Net-a-Porter (YNAP), is introducing a selection of 12 rare vintage timepieces curated by ex-Christie’s specialist and Wind Vintage founder Eric Wind. The watches span from the 1940s to the 1990s and include the Rolex GMT-Master 16750 and the Heuer...

28 Jun 2022

Business

Richemont shares plummet after expectations omit YNAP sale

Share in Richemont fell sharply on Friday, the lowest in two years since the pandemic, after the luxury group missed expectations and failed to address the uncertainty regarding its divestment of YNAP, the online luxury and discounting sites. Last year discussions emerged with Farfetch as a possible contender, but complications with various...

20 May 2022

Business

YNAP expands resale offering to menswear

Italian luxury group Yoox Net-a-Porter (YNAP) is expanding its resale offering with the launch of a second-hand fashion service for its menswear retailer, Mr Porter. It comes on the heels of the rollout in recent months of Net-a-Porter’s womenswear resale offering to Hong Kong, Germany, the US, and UK. YNAP, in partnership with resale technology...

11 Mar 2022

Business

YNAP suspends shipping to Russia, Vogue Ukraine calls for export embargo

E-commerce fashion giants Net-a-Porter, Mr Porter and Yoox have suspended shipping to Russia. A notice on their respective Russian websites reads: “Due to the current situation, we are unable to complete any new orders in your country. All order fulfillment has been suspended until further notice,” written in both Russian and English. YNAP,...

2 Mar 2022

BusinessFeatured

Richemont posts strong Q3 sales, Europe and the Americas shine

Richemont has reported a strong increase in sales in the third quarter of the year, with particularly good performances from its Jewellery Maisons and its Europe and Americas markets. In the three months to December 31, sales at the Swiss luxury group came in at 5.7 billion euros, up 32 percent compared to a year ago and up 38 percent compared...

19 Jan 2022

People

YNAP names Natalie Lee as new APAC general manager

Yoox Net-a-Porter (YNAP) has appointed Natalie Lee as its new general manager for the Asia-Pacific region. In her new role, Lee will oversee marketing, communications, personal shopping and commercial planning across all APAC countries outside of mainland China and Japan. She joins the Italian luxury retailer from fashion resale platform...

13 Jan 2022