Federico Marchetti Daria Birang

Federico Marchetti

Founder & Chief Executive, Yoox Group

The internet entrepreneur founded Yoox Group, which consists of Yoox.com, The Corner and a business powering e-commerce sites for fashion brands.

Italy Fashion 2.0

The internet entrepreneur founded Yoox Group, which consists of Yoox.com, The Corner and a business powering e-commerce sites for fashion brands.

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Biography

Federico Marchetti is the founder of the internet retailer and e-commerce services company Yoox. Yoox is now part of the Yoox Group, which pulled off a successful IPO in 2009. The group consists of e-tailer Yoox, which sells end of season clothing and accessories, as well as homeware and collectibles; The Corner, a full-priced fashion e-commerce site; Shoescribe, a multi-brand luxury shoe e-boutique; and a service that powers global e-commerce sites for leading fashion brands. 

Having worked at Lehman Brothers as an investment banker and then consulting firm Bain & Co, Marchetti found a way to bridge the gap between luxury brands and the internet through e-commerce. “In my case, it’s bringing together fashion and online, two worlds that were so distant from one another 10 years ago and are now closer than ever,” he told the T magazine in 2012. Initially, he established a relationship with brands like Diesel and Emporio Armani with Yoox.com, a multi-brand online retailer that sold past season merchandise at a discount.

Eventually, in 2006, brands began using his platform to launch their own e-commerce websites. In 2009, Marchetti successfully took his company public on the Milan Stock Exchange, the only IPO that year, and has also signed an agreement with Kering (formerly PPR) to build e-commerce websites for all of their luxury apparel brands, like Stella McCartney and Balenciaga.

He was born in Ravenna, Italy, and earned a degree in economics from Bocconi University in Milan, then an MBA from Columbia Business School in New York. Marchetti has served as a member of the jury for various fashion competitions, like the CFDA/Vogue Fashion Fund prize in New York and the Andam Fashion Award in France. Marchetti lives in Milan.

Career

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