Yoox Net-a-Porter shareholder Renzo Rosso believes Richemont's bid for full control of the online retailer is of great value, even though he is sorry to see another renowned Italian brand pass under foreign control.
2017 was a good year for YNAP as the high-end e-tailer turned in a record sales performance. It saw net revenues rising 16.9% on a currency-neutral basis, or 11.8% as reported, to hit a massive €2.1 billion.
Mobile orders surged across Yoox Net-A-Porter’s sites for Cyber Weekend with the firm saying they accounted for two-thirds of sales on Sunday. And total orders peaked at more one per second on Black Friday.