Richemont
Swiss conglomerate Richemont is the owner of luxury maisons in jewellery, watches, fashion and accessories, including Cartier, Van Cleef & Arpels, Jaeger-LeCoultre and more.
Yoox Net-a-Porter Merger Prods Luxury Brands To Sell Online
The merger of the world's two biggest online fashion stores, Net-a-Porter and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance.
Richemont Warns of Annual Profit Slump After Derivative Losses
Cie. Financiere Richemont SA said profit for the financial year just ended dropped about 36 percent because of losses on financial instruments.
All Systems Go
The Savigny Luxury Index (“SLI”) continues its rise, progressing by two and half percent in March.
Farfetch's Global Platform Play
Rather than replicating existing retail models online, Farfetch has built a technology platform that connects consumers with a global network of boutiques, giving birth to a rare fashion ‘unicorn’ valued at $1 billion.
Bits & Bytes | Yoox and Net-A-Porter, Luxury Retailers, L'Oreal
" Yoox to Accelerate Expansion After Merger With Net-a-Porter" (Bloomberg) "For Federico Marchetti, combining Yoox SpA with Cie. Financiere Richemont
Yoox to Accelerate Expansion After Merger With Net-a-Porter
For Federico Marchetti, combining Yoox SpA with Cie. Financiere Richemont SA’s Net-a-Porter is about more than staving off competition for luxury sales from department stores and online opponents such as Amazon.com Inc.
Richemont Confirms Net-a-Porter, Yoox Merger
Richemont SA confirmed it will merge Net-a-Porter with Italian rival Yoox SpA in a deal that will create the Yoox Net-a-Porter Group, trading on the Italian Stock Exchange.
Yoox Revives Talks With Richemont on Net-a-Porter Combination
Yoox SpA, the Italian online fashion retailer, said it has revived talks with Cie. Financiere Richemont SA over a possible link-up with the Swiss company’s Net-a-Porter unit.
Shop Rentals Go Down in Hong Kong as Chinese Tourists Decrease
A drop in Chinese tourist numbers is driving down shop rentals in Hong Kong, with vacancies increasing in the same prime areas that just three years ago pipped New York's Fifth Avenue to become the world's most expensive retail real estate.
Net-a-Porter Nears a Turning Point
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.