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 recent banking drama, starting with Silicon Valley Bank earlier in the month and spreading to Credit Suisse Group AG last week, has roiled markets, sparking fears of further contagion.
His redefinition of contemporary portraiture is just one facet of the young photographer’s stunning body of work, writes Tim Blanks.
Traditional auction houses like Christie’s, Sotheby’s and Philips — known for selling Warhols, Picassos and antiques — are using Birkins and Jordans to cultivate their next generation of collectors.
With the UK no longer offering tax breaks to international shoppers, customers are instead flocking to Paris and Milan.