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.
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