WebJan 13, 2024 · Now, we take a closer look at Farfetch, and how it has seized the pandemic opportunity in luxury e-commerce to surge ahead. The value of products sold on its marketplace grew by nearly 50 percent during coronavirus lockdowns in the spring of 2024, and are now close to overtaking the sales of chief rival Net-a-Porter. WebIn October 2015, Net-A-Porter merged with Yoox, an Italian company with 3 global e-commerce sites to form Yoox Net-A-Porter group. Natalie Massenet has since moved on to join online retail platform Farfetch, as non-executive co-chairman. The Yoox Net-A-Porter group is now under the leadership of Federico Marchetti, founder of Yoox.
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WebAug 25, 2024 · Farfetch will acquire a 47.5 percent stake in Yoox Net-a-Porter from Cartier-owner Richemont, as part of a complex agreement that contains provisions for a full acquisition within a few years. (Shutterstock, Collage by BoF) By Tamison O'Connor 25 August 2024 BoF PROFESSIONAL Richemont is finally offloading Yoox Net-a-Porter. WebAug 24, 2024 · The long-awaited deal between Swiss luxury conglomerate Richemont and the luxury marketplace Farfetch for the sale of loss-making Yoox Net-a-Porter (YNAP) is finally inked with Richemont writing down €2.7 billion as a result of the deal, while Farfetch shares surged 24 per cent. jim thorpe old time christmas