Insight Report 10 minutes PremiumWhy Now for YNAP? Farfetch’s Acquisition of YOOX Net-A-Porter Group Empowers Richemont To Focus on Jewelry and Watches Coresight Research September 2, 2022 What's InsideIn August 2022, Compagnie Financière Richemont (Richemont) sold just over 50% of the YOOX Net-A-Porter Group (YNAP) to Farfetch, an online luxury retail platform, and Symphony Global, an investment vehicle of Mohamed Alabbar. In this report, we unpack the deal and discuss the implications for all parties involved, including: How the deal alleviates pressures on Richemont’s profitability How the acquisition scales Farfetch’s operations and reach How the deal will create synergy between the two companies as Richemont adopts Farfetch’s FPS (Farfetch Platform Solutions) technology and opens e-concessions on the platform For more on the future of Richemont and other major European luxury brands, read Coresight Research’s report on the European luxury market, Market Outlook: Europe Luxury Sees Bounceback Sustained. Click here for all our coverage on e-commerce platforms, including Farfetch. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Market Outlook: US Foodservice—Value Initiatives Take Center Stage Amid Waning Consumer TrafficAlarming Return Rates Require Loss-Minimization Solutions: Key Insights—Free InfographicUS and UK Retail Bankruptcies Latest, December 2023: US Retail Bankruptcies Jump 10X in 2023Temu, the New E-Commerce Marketplace Taking the US by Storm—What Do Consumers Actually Think?
