Frasers Group adjusted profit soars in “breakout year”
Frasers Group was in the news again on Thursday not because of which company it might or might not be buying (as is usually the case), but for the more …
YNAP
Yoox Net-A-Porter exits China – report
As luxury giant Richemont continues to seek a long-term solution for its underperforming Yoox Net-A-Porter (YNAP) business, a report has said that the online operation is exiting China to focus …
Richemont’s Online Luxury Retailer Net-A-Porter to Exit China
By Bloomberg Published Jun 14, 2024 Richemont’s luxury e-commerce platform Yoox Net-A-Porter is pulling out of China, as weak consumer spending puts increasing strain on high-end brands’ operations in the …
Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms
Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) …
Mytheresa scores 18% rise in Q3 revenues; no comment on recent rumors of going private
Mytheresa, the German-born luxury e-tailer, on Wednesday announced a sturdy 18% rise in third quarter revenues, in the latest sign that the company has successfully weathered the downturn in the …
Net-A-Porter launches Carolina Herrera capsule, Mr Porter links with Dries Van Noten
YNAP’s two luxury full-price sites —Net-A-Porter and Mr Porter — are continuing to launch major collaborations, with each having just unveiled key collabs for the summer season. Carolina Herrera x …
Mr P links with G/Fore on golf collection
We all know how popular golf is among affluent consumers and we also know how golf clothing doesn’t always have the best reputation, style-wise. But now YNAP’s Mr Porter is …
Mr Porter launches handcrafted edit and campaign
YNAP’s Mr Porter has unveiled a new Made with Craft campaign “featuring a curated edit of seasonal products and exclusive capsule collections celebrating craftsmanship and artisanal skills”. Mr Porter The …
Mytheresa among those mulling YNAP buy
Richemont’s renewed attempts to divest Yoox Net-A-Porter have attracted the attention of luxury rival Mytheresa, a report has claimed. The business is believed to be among potential bidders to buy …
Is it game over for sector’s biggest names?
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed …