Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Insight Reports 10 minutes Premium

Why Now for YNAP? Farfetch’s Acquisition of YOOX Net-A-Porter Group Empowers Richemont To Focus on Jewelry and Watches


What's Inside

In 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 Premium subscribers only. Learn more about subscriptions here.
If you are a Premium subscriber, please log in.

Other research you may be interested in: