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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. In ...
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]
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]
[6] [14] Net-a-Porter Group is now estimated as a £350m company. [15] In early 2014, it launched a print magazine called Porter, with an associated app and digital version of the magazine. [20] Ahead of a merger with the Yoox Group, Massenet stepped down as the executive chairman of Net-a-Porter in September 2015. [21]
On 25 January 2012, Marchetti and YOOX Group were awarded the Comitato Leonardo's Premio Leonardo award for innovation by Giorgio Napolitano, President of Italy. [15] In 2016 Marchetti was recognized as Italy's Entrepreneur of the Year by Ernst & Young, for founding and successfully leading the Yoox Net-a-Porter Group. [16]
In October 2024, it was announced that Mytheresa would acquire Richemont's online luxury fashion and accessories business Yoox Net-A-Porter (YNAP), subject to regulatory approval, in exchange for Richemont acquiring a 33% equity stake in Mytheresa.
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