British Regulators Are Concerned About Market Monopoly Issues With Luxury E-commerce Farfetch’s Acquisition of YNAP

2月 03, 2023

On January 31, UK regulator, the Competition and Markets Authority (CMA), stated that it is seeking comment on whether Richemont‘s deal to offload most of its online fashion retailer YOOX Net-A-Porter (YNAP) to Farfetch could result in a significant reduction in competition in one or more markets in the UK. 
At the beginning of the 21st century, Federico Marchetti founded Yoox, a luxury e-commerce platform in Italy, which was listed on the Milan Stock Exchange in 2009. In 2015, he and Richemont Group jointly promoted the merger of Yoox and Net-a-Porter, a British luxury e-commer …