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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.
From 2012 until 2024, the online retailer YOOX partnered with Fashion for Relief. [ 4 ] [ 5 ] In 2015, Campbell applied for non-profit status in the United Kingdom. On 8 November 2021, the Charity Commission for England and Wales announced it was opening a statutory inquiry into Fashion for Relief. [ 6 ]
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In 2010, YOOX Group opened its first offices in China in the city of Shanghai, opening its first mono-brand site there, www.emporioarmani.cn. [8] In 2012, YOOX Group partnered with Kering Group and the two established a joint venture that manages the mono-brand online stores of Kering’s luxury brands: Bottega Veneta, Saint Laurent, Alexander ...
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]
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In the 2000s, Rosso began to make minority financial investments through his private company, Red Circle Investments. Rosso's first investment through Red Circle was made in March 2009, when he purchased 4.9% of the stocks in Yoox [20] an online mail-order retailer of multi-brand clothing and accessories, now known as Yoox-Net-A-Porter.
Busquets retained a 2.3% shareholding in the business until the Yoox Net-a-Porter merger in 2015. [23] Busquet's initial investment of £250,000 was returned 100 times, and her £5.9 million investment was returned 16 times.
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