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 …
