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Richemont is to sell its Yoox Net-A-Porter online fashion and accessories business to Mytheresa in exchange for a 33% stake in the German luxury fashion platform

Richemont announces deal to sell Yoox Net-A-Porter

Cartier owner Richemont has agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to Mytheresa, ending the search for a new owner of loss-making YNAP after the collapse of a previous deal last year.

Business • 07 Oct 24

Online luxury retailer Farfetch gets approval to buy a stake in rival Yoox Net-A-Porter from Richemont

European regulator approves Farfetch deal for YNAP

European authorities have approved online luxury retailer Farfetch's purchase of a stake in rival Yoox Net-A-Porter from Richemont in the last regulatory approval needed, the owner of Cartier said today.

Business • 23 Oct 23

Today's deal comes amid a flurry of industry-wide investments in digital services

Richemont to sell YNAP stake to Farfetch

Richemont said today that online luxury fashion retail platform Farfetch would acquire a 47.5% stake in the luxury goods group's loss-making online fashion retailer YOOX Net-A-Porter (YNAP), adding that Emirati businessman Mohamed Alabbar would take 3.2%.

Business • 24 Aug 22

Cartier owner Richemont has reported a big jump in net profits for 2021

Richemont profit and sales jump, YNAP talks continue

Luxury goods group Richemont said today that discussions about its "Luxury New Retail" partnership should be concluded "in the near future", after strong American demand for its jewellery and watches boosted net profit and sales in the 12 months to March.

Business • 20 May 22

Richemont in talks to sell stake in online business

Richemont is in advanced talks with online retailer Farfetch about selling it a minority stake in loss-making Yoox Net-a-Porter (YNAP) in a move likely to appease investors critical of the luxury goods firm.

Business • 12 Nov 21

Yoox Net-a-Porter

Richemont announces deal to sell Yoox Net-A-Porter

European regulator approves Farfetch deal for YNAP

Richemont to sell YNAP stake to Farfetch

Richemont profit and sales jump, YNAP talks continue

Richemont in talks to sell stake in online business

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