Yoox Net-a-Porter

Richemont Hands Off YNAP to Mytheresa for $608 Million
Richemont Hands Off YNAP to Mytheresa for $608 Million
October 07, 2024  |  eCommerce

Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a...

READ MORE >
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
June 14, 2024  |  eCommerce

Yoox Net-A-Porter (YNAP) is reportedly exiting China amid weak consumer spending in that country. The Richemont-owned luxury eCommerce platform is moving to focus on its core and...

READ MORE >
Farfetch Acquired by Korean eCommerce Giant Coupang
Farfetch Acquired by Korean eCommerce Giant Coupang
December 19, 2023  |  Retail

Struggling luxury retailer Farfetch has been purchased by Coupang, the South Korean eCommerce giant. The deal gives Coupang greater access to the personal luxury goods space, while offering...

READ MORE >
Richemont Has No Plan to Invest in Luxury Brand Farfetch
Richemont Has No Plan to Invest in Luxury Brand Farfetch
November 29, 2023  |  Retail

Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be...

READ MORE >
EMEA Daily: Mastercard Backs nClude to Boost Financial Inclusion, FinTech in Egypt
EMEA Daily: Mastercard Backs nClude to Boost Financial Inclusion, FinTech in Egypt
October 12, 2022  |  emea

Today in Europe, the Middle East and Africa, Mastercard announced an investment in Egypt’s FinTech-focused venture capital platform nClude and HSBC launched a new digital...

READ MORE >
Luxury Retailer YOOX Net-a-Porter Names Interim CEO
Luxury Retailer YOOX Net-a-Porter Names Interim CEO
October 12, 2022  |  Retail

Online luxury and fashion retailer YOOX Net-a-Porter (YNAP) has named Alison Loehnis as its interim CEO. Loehnis will take the reins of the company beginning...

READ MORE >
Luxury Industry Digitization Drives YOOX Net-a-Porter, Farfetch Partnership
Luxury Industry Digitization Drives YOOX Net-a-Porter, Farfetch Partnership
August 24, 2022  |  Partnerships

In what is said to be a landmark move in the digitalization of the luxury industry, fashion industry platform Farfetch has acquired a 47.5% stake...

READ MORE >
EMEA Daily: Revolut CRO Leaves to Start Crypto Platform; FCA Pulls Plug on UK Crypto ATMs
EMEA Daily: Revolut CRO Leaves to Start Crypto Platform; FCA Pulls Plug on UK Crypto...
March 11, 2022  |  International

In today’s top Europe, Middle East and Africa news, Revolut’s chief revenue officer is planning on leaving the U.K.-based financial company to launch a cryptocurrency...

READ MORE >
Today in Retail: Consumers Navigating Highest Grocery Prices Since the 1980s; Savage X Fenty Lingerie Brand Eyeing IPO
Today in Retail: Consumers Navigating Highest Grocery Prices Since the 1980s; Savage X Fenty Lingerie...
March 11, 2022  |  Retail

Today in retail, Ulta Beauty holds its own in the increasingly competitive beauty care sector, while APIs play an important role for businesses when it...

READ MORE >