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Richemont and Farfetch in talks to offload YNAP

Richemont is thought to be exploring several options to offload the loss-making Yoox Net-a-Porter, the luxury pure player, reports cited this week. The Swiss group, which owns maisons including Cartier, Chloé, Alaia and Delvaux, is finding itself in somewhat of a technology depression, as companies like FarFetch and Alibaba are accelerating the...

7 hours ago