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Digital Luxury : 3- Online fashion is ripe for consolidation

By Astrid Wendlandt
25/10/20
Digital Luxury – Episode Three: Online fashion wholesalers are ripe for consolidation
MatchesFashion, YOOX-NET-A-PORTER (YNAP) and other online multi-brand wholesalers are under pressure to consolidate as they struggle to make money and retain regular customers in an overcrowded market, industry insiders have told Miss Tweed. There is growing skepticism about the long-term viability of their business model and their ability to compete with marketplaces such as Farfetch and the big brands themselves that have made a major push online with the Covid-19 pandemic.

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