Business Of Fashion Ynap

Ynap names new ceo federico marchetti to stay on as chairman business of fashion robert williams.

Business of fashion ynap. Yoox net a porter group is an italian online fashion retailer created on 5 october 2015 after the merger between yoox group and net a porter group nap. Established in 2000 yoox is the world s leading online store for fashion design and art that lasts a lifetime and beyond. The artisans were granted exclusive access to five years worth of ynap data on long term preferences of the group s 4 3 million customers and.

As of 2017 ynap is the world s largest multi brand luxury retailer by revenue with 5 300 employees two online department stores net a porter mr porter two off price channels yoox the outnet and an online flagship division that powers e commerce for 30 brands including moncler and the row. Toby bateman exiting mr porter amid talent exodus at ynap. Beginning in 2003 richemont invested in nap.

Ynap is a majority wholesale business known for its brand and curation while farfetch operates a marketplace model that connects luxury brands boutiques and customers and offers a wider product selection. Prior to joining matchesfashion she had been with ynap for four years in various buying and merchandising roles. An internal hire from parent company richemont will take the reins of the luxury e commerce group.

Lea cranfield who has been matchesfashion commercial director since may 2018 has left the business and will re join ynap in the new year as chief buying and merchandising officer. 16 september 2019 by lauren sherman the ynap menswear site s longtime managing director is the most recent to leave the richemont owned group which has experienced a string of senior departures according to multiple sources. In 2015 yoox purchased nap shares from richemont and.

Their business models are different however. In one of the biggest fashion e commerce deals of 2015 the two companies merged to form a supergroup with marchetti installed as chief executive. The multibrand off season players yoox and the outnet as well as.

Richemont s investment in a direct competitor of ynap also calls into question its strategy for that business which competes with farfetch for customers. Yoox was originally founded by federico marchetti in milan in 2000 and net a porter was founded by natalie massenet in london in 2000. Ynap s pillar businesses are net a porter which sells women s luxury fashion and yoox which marchetti founded in 2000 and stocks off season merchandise.