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Yoox

Chinese actress Xin Zhilei is latest Roger Vivier ambassador

by Lionel Rogers
Chinese actress Xin Zhilei is latest Roger Vivier ambassador

Luxury shoe and accessories brand Roger Vivier has announced Xin Zhilei as its latest brand ambassador. The award-winning Chinese actress will work with the company to “celebrate some of the …

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Yoox Net-A-Porter exits China – report

by David Johnson
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 …

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Richemont’s Online Luxury Retailer Net-A-Porter to Exit China

by Lionel Rogers
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 …

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Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms

by Lionel Rogers
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) …

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Mytheresa scores 18% rise in Q3 revenues; no comment on recent rumors of going private

by Lionel Rogers
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 …

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Valentino sees sales fall in 2023

by Lionel Rogers
Valentino sees sales fall in 2023

Hit by the crisis of the luxury goods market, Valentino ended 2023 on a low note. As the Roman luxury label prepares to start a new chapter with the arrival …

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Mytheresa among those mulling YNAP buy

by Lionel Rogers
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 …

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Is it game over for sector’s biggest names?

by Lionel Rogers
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 …

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Matches to go into administration following purchase by Frasers

by David Johnson
Matches to go into administration following purchase by Frasers

In 2017 it was sold by its founder for a price rumoured to be £800 million. A few months ago Frasers Group bought it for just £52 million. And now …

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Coupang has high hopes for Farfetch and transforming the luxury experience

by Lionel Rogers
Coupang has high hopes for Farfetch and transforming the luxury experience

Coupang, the South Korean e-commerce giant, reported its annual and Q4 results this week with sales and profits both rising. But importantly, it also made some key comments about its …

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