
Yoox Net-A-Porter has added a dedicated platform for fine jewellery and watches after determining that many customers “have no hesitation” in purchasing expensive accessories online.
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Yoox Net-A-Porter has added a dedicated platform for fine jewellery and watches after determining that many customers “have no hesitation” in purchasing expensive accessories online.
Luxury brands are waking up to the importance of e-tail and omnichannel and are increasingly keen to take control of their online experiences.
Italian market watchdog Consob approved a bid by Cartier owner Richemont for the full control of online luxury retailer Yoox Net-a-Porter, the Swiss group said on Thursday.
Yoox Net-A-Porter is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group’s CEO said on Tuesday.
Yoox Net-a-Porter shareholder Renzo Rosso believes Richemont's bid for full control of the online retailer is of great value, even though he is sorry to see another renowned Italian brand pass under foreign control.
Richemont seems to have made its mind up about its involvement in luxury online retail and it’s taking decisive action with a deal that will make it full owner of Yoox Net-A-Porter for €2.8bn.
2017 was a good year for YNAP as the high-end e-tailer turned in a record sales performance. It saw net revenues rising 16.9% on a currency-neutral basis, or 11.8% as reported, to hit a massive €2.1 billion.
Natalie Massenet is leaving her post as chairman of the British Fashion Council after five years at the body that works to promote UK designers at home and abroad.
Mobile orders surged across Yoox Net-A-Porter’s sites for Cyber Weekend with the firm saying they accounted for two-thirds of sales on Sunday. And total orders peaked at more one per second on Black Friday.
Yoox Net-A-Porter is planning a raft of special events for Cyber weekend and expects self-gifting to be a key trend as consumers buy embellished luxury pieces.