Net-A-Porter to exit China: What’s the future for multi-brand luxury platforms?

Richemont’s online multi-brand luxury retailer Yoox Net-A-Porter (YNAP) is reportedly withdrawing from China, according to multiple local sources. The company’s joint venture with Alibaba, named Feng Mao, is anticipated to undergo liquidation.  Richemont’s spokesperson told the Financial Times the move was made in the context of a global YNAP plan to focus “investments and resources on its core and more profitable geographies.” The online platform is expected to cease operations f

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