Italian online fashion retailer Yoox Net-A-Porter said on Wednesday it remained committed to the UK after Britain's decision to leave the EU as it pledged to raise its core profit margin in a new business plan to 2020.
YNAP has signed an agreement with the Parisian designer to launch her label's very first e-commerce site in 2017. The fashion e-tailer has also renewed its partnership with Armani for 10 years and Valentino for 5.
Dubai entrepreneur Mohammed Alabbar will take a 4 percent stake in online fashion retailer Yoox Net-A-Porter (YNAP) in a move expected to push the Italian group's growth in the high-potential Middle Eastern market.
The fashion e-tailer used the occasion of the announcement of its latest financial results to announce that it has not renewed its collaboration with six labels, including Cucinelli, Trussardi and Cavalli.
The fashion label owned by luxury group Richemont plans to open an online store in 2016. It will be managed by Yoox Net-A-Porter, which recently launched the e-commerce site for Dunhill, another brand belonging to the...