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YOOX Net-a-Porter Group S.p.A. is an Italian online fashion retailer created on 5 October 2015 after the merger between Yoox Group and Net-a-porter Group (NAP). Yoox was originally founded by Federico Marchetti in Milan in 2000, and Net-a-Porter was founded by Natalie Massenet in London in 2000. Beginning in 2003, Richemont invested in NAP.
The following month, Farfetch began seeking other offers to purchase the company including one from Carmen Busquets, a cofounding investor of Net-a-Porter. [28] The deal to purchase YNAP Group from Richemont fell through in December 2023 following the precipitous drop in Farfetch's market capitalization and continued losses. [29]
Federico Marchetti (born 21 February 1969) is an Italian businessman who founded and, until July 2021, was chairman and CEO of YOOX NET-A-PORTER Group. [ 2 ] Education and early career
In 2015, Richemont's Net-a-Porter Group was merged with the YOOX Group in an all-share transaction. [11] [12] In August 2022, Richemont announced the prospective sale of a 47.5% stake in Yoox Net-a-Porter (YNAP) to Farfetch in exchange for Farfetch shares, and the sale of a 3.2% stake to Mohamed Alabbar. [13]
It follows designers from around the world as they compete for the chance to win $200,000 and debut a collection on luxury fashion retailer site Net-a-Porter. [1] In June 2020, Netflix announced it was cancelling the series after one season. [2]
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