Date Posted: Wednesday 24th August 2022
Farfetch.com and Alabbar have announced that they are to acquire a 47.5% and 3.2% stake, respectively, in YOOX NET-A-PORTER, making YNAP a neutral platform with no controlling shareholder. Richemont and Farfetch.com have put and call options, respectively, for Farfetch.com to acquire the remainder of YNAP, subject to certain conditions. YNAP will adopt Farfetch.com Platform Solutions to advance growth and shift towards a hybrid business model, while Richemont Maisons will adopt the same platform to advance the realisation of their Luxury New Retail vision. Richemont Maisons will also open e-concessions on the Farfetch.com Marketplace.
Farfetch.com in 'Brands'
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