The two organizations have created the Modern Artisan project to train six students and recent graduates each from U.K. and Italian universities and produce a sustainable luxury capsule collection for sale next year.
Richemont’s Yoox Net-A-Porter Group has hired top talent in technology, management, sales and branding to strengthen its executive bench as the luxury ecommerce giant aims for a larger portion of sales coming from online and mobile purchases.
While 2018 saw several luxury conglomerates consolidating their empires through brand acquisitions, others such as Yoox Net-A-Porter looked to strategic partnerships.
Luxury group Richemont has entered a partnership with Chinese ecommerce giant Alibaba to have the luxury platform Yoox Net-A-Porter enter China.
Yoox Net-A-Porter Group has released its yearly earnings report for 2017, revealing more than $2 billion in revenue driven by exclusive collections and further growth in the Middle East and Dubai.
Luxury Daily’s live news from Nov. 29 – Prada weaves delivery drama in holiday shorts; Tiffany’s Q3 2017 growth propelled by Mainland China, fashion jewelry sales; Fendi launches bespoke handbag service on Farfetch; Atelier Swarovski looks back on 10 years of collaborations in new book; Selfridges curates curiosities for flagship’s Corner Shop; Yoox Net-A-Porter processed an order every 0.8 seconds on Black Friday; Chanel fetes symbols of femininity, antiquity at ephemeral Nordstrom boutique.
Luxury Daily’s live news from Nov. 29 – Prada weaves delivery drama in holiday shorts; Tiffany’s Q3 2017 growth propelled by Mainland China, fashion jewelry sales; Fendi launches bespoke handbag service on Farfetch; Atelier Swarovski looks back on 10 years of collaborations in new book; Selfridges curates curiosities for flagship’s Corner Shop; Yoox Net-A-Porter processed an order every 0.8 seconds on Black Friday; Chanel fetes symbols of femininity, antiquity at ephemeral Nordstrom boutique.
Online retail’s Yoox Net-A-Porter Group saw mobile orders surge to an all-time high during Cyber Weekend.
Today in luxury – CEO talks: YNAP’s Federico Marchetti; Forget yachts, billionaires might be able to buy Bond villain luxury submarines someday; As Apple slows, fast-moving Chinese rivals gain in wealthy markets; Fashion needs a revolution. There are signs that it’s here.
Luxury Daily’s live news from June 27 – Nordstrom anniversary ambassadors handpick sale favorites; YNAP’s technology investment continues with opening of West London hub; Hennessy visualizes layers of flavors, aromas in JonOne-designed bottles; Monaco merchants to offer Alipay payment solutions; Heathrow introduces duty-free refund appointment service; Mobile to act as personal shopper for 2017 holiday season: Facebook.
