Mytheresa Nominates Richemont CFO for Board Position Post-Acquisition Deal
In a major development, luxury goods giant Richemont has nominated Burkhart Grund as Mytheresa's new supervisory board member after...
YNAP
Harvey Nichols Appoints New Chief Merchant from Net-A-Porter
Harvey Nichols appoints Net-A-Porter's former director, Kate Benson, as its new chief merchant, effective immediately. With seven years at...
Financial Updates: Superdry’s Rescue Plan, YNAP Exits China, and Retail Changes
Superdry shareholders approve a restructuring plan to save the company from financial troubles, involving a £10m equity raise and...
YNAP Shuts Down China Operations, Focuses on Profitable Markets
Yoox-Net-A-Porter, a luxury fashion e-commerce platform, is shutting down its operations in China to focus on more profitable markets....
UK Retail News Roundup: Affordable Housing Controversy, Farfetch Acquisition, and Shoplifting Crackdown
John Lewis faces backlash over its affordable housing plans in Bromley, with only 10% of flats designated as such,...
Farfetch Acquires Majority Stake in YNAP with European Commission’s Approval
TV Anchor: In a major development, online retailer Farfetch has received approval from European authorities to acquire a 47.5%...
Richemont Sells Majority Stake in YNAP to Farfetch and Alabbar
Richemont has announced a deal to sell a majority stake in its e-commerce unit Yoox-Net-A-Porter (YNAP) to Farfetch and...
Kering Takes E-commerce In-house by 2020
Luxury fashion giant Kering, owner of Gucci, Yves Saint Laurent, and Balenciaga, plans to bring its e-commerce entirely in-house...
Richemont and Alibaba Team Up for Chinese Luxury Market Expansion
Swiss luxury goods group Richemont partners with Alibaba Group to bring Yoox Net-A-Porter to Chinese consumers. They'll establish a...
YNAP Launches Own-Brand Footwear Collection for Men
Yoox-Net-A-Porter Group (YNAP) is set to launch its own-brand label, Mr P., in September, along with a footwear and...