Editor
Last month, Richemont said it would sell 47.5 percent of Yoox Net-a-Porter (YNAP) in exchange for an estimated 12-13 percent stake in Farfetch. The Swiss conglomerate is selling another 3.2 percent of YNAP to Dubai Mall developer Mohamed Alabbar’s Symphony Global, Richemont’s joint venture partner in the Gulf region. The deal leaves YNAP without a controlling shareholder, a point that was important to Richemont when negotiating the…
