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.
Following the announcement of Richemont’s deal to spin off YNAP in a joint venture with Farfetch, Loehnis will take up the role of interim chief executive of the loss-making e-commerce group on Oct. 31.
Loehnis, currently president of Net-a-Porter, Mr Porter and The Outnet, will lead the company until parent Richemont completes the sale of a 50.7 percent stake to Farfetch and real estate mogul Mohamed Alabbar. On completion of the deal, which is expected to close before the end of the year, a new CEO will be appointed.
Loehnis will succeed Geoffroy Lefebvre, who is leaving to pursue entrepreneurial opportunities outside of Richemont Group.
Learn more:
Richemont, Farfetch and YNAP: Understanding a Transformational E-Commerce Deal
The Swiss luxury group is spinning off Yoox Net-a-Porter in a joint venture with Farfetch. What does it mean for Richemont, Farfetch, YNAP and the luxury industry at large? BoF dissects the deal.
The designer and CFDA chairman will front the auction house’s January sale of American paintings, furniture, ceramics and other objects, including a fashion selection in partnership with the CFDA, meant to hammer home the idea of American fashion as art, said Browne.
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.
Tamburini, who is joining the brand from Kering’s Bottega Veneta, will show his first collection during the next Milan womenswear week in February.
The luxury e-tailer could be the latest e-commerce firm to go private amid its worst year as a public company. But Farfetch’s much scrutinised lack of focus could persist outside the public market.