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. This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: Head-to-Head in US Drugstore Retailing: CVS Health vs. Walgreens Boots AllianceUS Apparel and Beauty Spending Tracker, May 2023: Clothing, Footwear and Beauty Spending Growth All Moderate FurtherEssentials In-Store, Discretionary Online: China Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2023, Week 33: US Closures Up 79%