
Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
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Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
Negin Yeganegy joins the London-based performance ski and sportswear brand from Yoox Net-A-Porter, where she held the role of global group e-commerce director.
Yoox Net-A-Porter has donated a number of delivery vans to non-profit God’s Love We Deliver in New York to support the charity’s Emergency Shelf-Stable Meal Drive.
Neiman Marcus Group is said to be preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak.
The Italian luxury house ended 2019 with 1.22 billion euros in revenues, up 2.4% year over year, despite disruptions in Hong Kong. This growth did, however, represent a deceleration compared to 2018.
Yoox Net-A-Porter is offering its Premier Delivery Service fleet to support the work of local charities in Italy and Hong Kong, after launching the initiative in London last week.
Yoox Net-A-Porter said on Tuesday that its Premier Delivery Service fleet “has been donated to charity, to support vulnerable and socially isolated communities”.
As part of its ongoing efforts to support gender diversity in tech roles, YNAP is launching a new internal sponsorship program. This sees it pairing rising female tech talent with senior leaders in its business.
One of the pioneers of online luxury retail, Yoox Net-A-Porter’s CEO Federico Marchetti, is to step down from his role in charge of the Richemont-owned group, although he will stay on as chair of the firm.
High-end e-tail giant Yoox Net-A-Porter has named Nisreen Shocair as its CEO, Middle East. She joins with “extensive global retail and e-commerce expertise, holding senior positions in the UAE and New York”.