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Astrid Wendlandt
Turning around Yoox-Net-A-Porter (YNAP) is the biggest challenge José Neves faces since launching Farfetch in 2008. The CEO of the luxury marketplace is walking a tightrope. Farfetch’s image and credibility in terms of strategy and execution are at stake. If Neves can’t improve the fortunes of the online fashion and luxury retailer, it may be that no one can. Five weeks after Farfetch announced the long-awaited deal to take on YNAP, the 48-year-old Portuguese entrepreneur is already working on preparing its integration. Farfetch has agreed to buy 47.
Astrid Wendlandt
The fashion marketplace Farfetch and the luxury group Richemont spent more than two years trying to hammer out a deal that lets the Cartier owner offload the online retailer Yoox-Net-A-Porter and allows Farfetch to scale up in size and turn around loss-making YNAP. They finally announced the deal in August. There are many challenges along the road. The complex transaction is not due to be completed until it has received anti-trust clearances, which could take six to nine months. The clock has already started ticking.
Weekly highlights
Week from 2022-09-26 to 2022-09-30
Industry leader LVMH has become the first major luxury group to give staff bonuses to help them cope with rampant inflation in France. Russia’s invasion of Ukraine has disrupted energy markets which in turn has brought inflation to levels not seen in forty years. Inflation in France is now at more than 6 percent on an annual basis. 

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Author and journalist Astrid Wendlandt conducted a four-year investigation into the secretive world of fashion and luxury involving hundreds of interviews with top executives and designers.
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