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 paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: NRF 2023 Insights Sharing WebinarUS Consumer Tracker: Fewer Consumers Trade Down To Combat InflationRetailTech: How Consumers and Grocery Retailers Can Reduce Food Waste from Field to FridgeAmazon Prime Day 2023 Insights: New Features and Innovations for the Shopping Festival Amid Competition and Other Challenges
