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.
MILAN, Italy — Shares in Italian online fashion retailer Yoox Net-A-Porter were up almost 8 percent on Monday as traders cited reported interest from Chinese e-commerce giant Alibaba Group.
"There are reports Alibaba is interested in buying a stake in Yoox," one of the traders said.
A report on Chinese fashion website Ladymax.cn said the Chinese conglomerate had contacted Yoox Net-a-Porter over capital cooperation, adding it did not rule out buying shares in it.
YNAP said it did not comment market speculation.
At 1517 GMT YNAP shares were up 7.9 percent.
By Maria Pia Quaglia and Stephen Jewkes.
To discover how SMEs are successfully cutting through the noise to connecting with consumers in an increasingly crowded digital landscape, BoF interviews Christian Juuls Nielsen, the founder of Aknvas, Batsheva Hay of Batsheva and Arianne Elmy, founder of her eponymous brand.
Gridlock in Washington could furlough millions of workers heading into the holiday shopping season. That, plus what else to watch for in the coming week.
The company’s recent introduction of a marketplace model has led to a flood of listings for new, high-end goods by third-party sellers. Some brands aren’t happy, but there may not be much they can do.
A new study from Trove and Worldly found that if luxury and outdoor apparel brands can grow their resale offering to account for a quarter of total revenue, then they can substantially reduce carbon emissions. Fast fashion, not so much.