YNAP news and archive

Farfetch faces turbulence, postpones quarterly report as privatisation rumours emerge

Farfetch, the e-commerce platform founded by José Neves, has decided to postpone its quarterly report and related conference call with analysts. This move comes amid a challenging period for the company, marked by a significant decline in market capitalization from 26 billion dollars in 2021 to 740 million dollars. As has been well publicized,...

BusinessFeatured

Farfetch mulls going private, Richemont to review YNAP deal

Luxury e-commerce giant Farfetch is reportedly mulling a potential offer that would delist the company and take it private, as pressure on stock remains persistent. Such a move is speculated to happen very soon, according to The Telegraph which initially reported the news. While Farfetch had declined to comment on the report, the company later...

BusinessFeatured

What does the future have in store for Farfetch?

Farfetch’s future, following the finalisation of its agreement with Richemont in regards to the acquisition of Yoox Net-a-porter (YNAP), has concerned the market. Will José Neves, founder of Farfetch, be able to bounce back? The Richemont group can breathe easy. The green light given to the deal at the end of October by the European Commission's...

Business

Farfetch reportedly appoints new YNAP CEO

Luxury group Farfetch is understood to have appointed a new chief executive officer for its Yoox Net-a-Porter Group (YNAP), with the individual in question believed to be entering the company in the new year. Farfetch’s former Latin America vice president Daniel Funis has reportedly been tapped for the role, according to industry sources for...

Business

Richemont, Farfetch receive EU antitrust green light for YNAP acquisition

Luxury conglomerate Richemont has received approval from the European Commission (EC) to go ahead with its sale of Yoox Net-a-Porter (YNAP) to luxury fashion platform Farfetch. Richemont, the group behind brands including Cartier and Montblanc, announced last year plans to sell a 47.5 percent stake in Italy’s YNAP to the UK’s Farfetch....

Fashion Featured

Five years on: How AI and eco-values have defined 8 by Yoox

Back in 2018, the topic of artificial intelligence (AI) was not a one creative industries such as fashion were entirely familiar with. Yoox, however, was among the few preparing to step into these unchartered waters. It was during this period that the Italian fashion retailer launched its innovative fashion brand 8 by Yoox, which took the...

Fashion |Interview Featured

Mr Porter buying director: Men becoming more open to try new styles, fabrics and shapes

Mr Porter is one of the leading international online retailers when it comes to luxury menswear. The platform, which is part of Italy’s Yoox Net-A-Porter Group (YNAP), of course offers top luxury brands such as Tom Ford and Saint Laurent, but it also carries up-and-coming talents such as Miles Leon and Manaaki. In this interview, Daniel Todd,...

Business

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...

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...

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...

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...

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...