YNAP’s Mr Porter has unveiled a new Made with Craft campaign “featuring a curated edit of seasonal products and exclusive capsule collections celebrating craftsmanship and artisanal skills”. Mr Porter The luxury menswear e-tailer said the exclusive styles come from nine global brands that are “championing handmade qualities within its products, each providing their own unique … Read more
Richemont’s renewed attempts to divest Yoox Net-A-Porter have attracted the attention of luxury rival Mytheresa, a report has claimed. The business is believed to be among potential bidders to buy loss-making e-tail giant YNAP. Net-A-Porter The Financial Times made the claim, citing “people with knowledge of the sales process”. It also said that private equity … Read more
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed 533 people in its three London stores and at its HQ from where it sells to consumers in 170 countries. Matches Benji Dymant, joint administrator, … Read more
Menswear now looks to be a focus for virtual try-on technology. Long the domain of women’s fashion, AI-driven sector tech provider Anthropics has launched Zyler Virtual Try-On for Menswear. Zyler It arrives hot on the heels of YNAP’s luxury menswear in-season fashion platform Mr Porter launching its own inaugural virtual try-on pilot late last … Read more
YNAP’s luxury menswear site Mr Porter is continuing its association with the Kingsman movie franchise collaborating with film maker Matthew Vaughn on a new costume-to-collection range in time for the new spy thriller movie Argylle by Kingsman. Argylle, played by Henry Cavill, wears the Mr Porter-collaborated, Kingsman-inspired collection The link-up between the two has clearly been a success … Read more
Chloé, Alaïa and Dunhill owner Richemont has reported its results for Q3 — the all-important ‘Golden Quarter’ — with sales up by 4% on a reported basis to €5.593 billion, or 8% at constant exchange rates (CER). See catwalkAlaia – Fall-Winter2023 – 2024 – Womenswear – Paris – © ImaxTree That was a slowdown at the … Read more
Stella McCartney Limited has filed its results for its latest financial year and they show the company bouncing back from the pandemic, although still loss-making. See catwalkSTELLA MCCARTNEY – Fall-Winter2022 – 2023 – Womenswear – France – Paris – © ImaxTree McCartney’s label (like that of Victoria Beckham, which has also just reported its results), … Read more
Farfetch has found a rescuer. And who is it? Step forward Coupang, the Fortune 200 company listed on the New York Stock Exchange that’s one of the largest retailers in the world. Farfetch – DR It has announced plans to acquire the “business and assets of Farfetch Holdings plc” that will position it “as a … Read more
Translated by Nicola Mira Published Dec 19, 2023 As bankruptcy loomed, Farfetch found a last-minute rescuer in Korean e-commerce giant Coupang, which bought the British luxury e-tailer and bailed it out by injecting $500 million into it. A surprise acquisition that will allow Farfetch to breathe a sigh of relief, and look to the coming … Read more
By Reuters API Published Dec 18, 2023 Cartier-owner Richemont on Monday said it had scrapped an agreement to sell part of its online fashion and accessories business Yoox Net-A-Porter (YNAP) to online luxury retailer Farfetch Holdings. The Swiss-based luxury goods group said it was pulling out of the deal after South Korean e-commerce giant Coupang … Read more
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