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.