Yoox Net-A-Porter (YNAP) has named Natalie Lee as General Manager for the APAC region. She has extensive experience operating in APAC’s high-growth fashion and e-commerce sector and joins from Vestiaire Collective.
Sales at Stella McCartney fell to £28.4m from £38.6m as the pandemic hit last year. And it saw a pre-tax loss bigger than its sales at £31.4m. But 2020 was also a year of renewal and it said 2021 sales are recovering.
The famous Florentine luxury retailer has finalized the sale of a 40% stake to Italian investment fund Style Capital. Founder Andrea Panconesi, has retained his role as president, while Alessandra Rossi has become CEO.
There are eight more young fashion trainees to watch out for. Yoox Net-A-Porter and The Prince’s Foundation have unveiled the new intake of young artisans for the second edition of their The Modern Artisan project.
Net-A-Porter, Mr Porter and The Outnet have become the latest luxury retailers to embrace resale, saying a link-up with resale technology provider Reflaunt will “offer unique breadth in the online luxury fashion market”.