The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United States — Yoox Net-a-Porter Group SpA forecast sales will increase 17 percent to 20 percent a year as it aims to boost profitability by 2020.
The operating margin should be 11 percent to 13 percent in that year, compared with 8 percent in 2015, the company said in a statement Wednesday. The sales forecast excludes currency shifts.
''We have ambitious plans to grow faster than the online luxury market by leading through mobile," Chief Executive Officer Federico Marchetti said in the statement.
Yoox combined with Richemont's Net-a-Porter in October to create the world's largest online vendor of $592 Gucci sandals and $1,950 Chloe shoulder bags. Marchetti forecast in March that revenue will grow at a high-teens pace this year. That follows a 21 percent increase in 2015, when sales reached 1.67 billion euros.
By Thomas Mulier and Andrew Roberts; editors: Matthew Boyle and Phil Serafino.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.