The president of YNAP’s fashion division, in charge of Yoox and The Outnet, explained to FashionNetwork.com how Yoox became a leading fashion and luxury e-tailer, and talked about the impact of the Covid-19 pandemic.
Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
One of the pioneers of online luxury retail, Yoox Net-A-Porter’s CEO Federico Marchetti, is to step down from his role in charge of the Richemont-owned group, although he will stay on as chair of the firm.
High-end e-tail giant Yoox Net-A-Porter has named Nisreen Shocair as its CEO, Middle East. She joins with “extensive global retail and e-commerce expertise, holding senior positions in the UAE and New York”.
Jewellery is a booming, sought-after sector, as shown by LVMH’s recent bid for Tiffany & Co. FashionNetwork looks into the advantages and potential of an industry still little-known and underexploited by luxury groups.
As Kering’s chief digital officer, Grégory Boutté is doing more than preparing to integrate e-commerce, he wants to make it agile in the digital realm. As such, Gucci will optimise stock allocations this year.
Kering, owner of brands including Gucci, will tighten its grip on its e-commerce operations, focusing on its own branded sites to sell its luxury products or ventures where it can control its image and client data.