Farfetch Awaits Next Great Challenge as EU Approves YNAP Deal
Richemont's agreement to sell a majority of YNAP to Farfetch and Alabbar has overcome its final regulatory hurdle. Now it's all about execution.
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Richemont's agreement to sell a majority of YNAP to Farfetch and Alabbar has overcome its final regulatory hurdle. Now it's all about execution.
The European Commission has cleared the acquisition by Farfetch of a 47.5 percent stake in Yoox Net-a-Porter in a widely expected decision.
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Rising interest rates continued to weigh on the growth sector.
Q2 2022 Gross Merchandise Value ("GMV") increases 1.3% year-over-year (or increases 7.6% year-over-year at constant currency) to $1 billion Q2 2022 Digital Platform GMV decreases 3.3% year-over-year