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Report: Richemont Considers Divesting From YNAP in Favour of Farfetch Partnership

The company is exploring options to get the loss-making online retailer off its balance sheet, France’s Miss Tweed reports citing unnamed sources.
Johann Rupert, Chairman and CEO of Richemont, seen golfing in St Andrews, Scotland in October 2021. Getty Images.
Johann Rupert, Chairman and CEO of Richemont, seen golfing in St Andrews, Scotland in October 2021. Getty Images. (David Cannon)

Getting the loss-making e-tailer Yoox Net-a-Porter (YNAP) off its balance sheet has become a priority for Swiss luxury group Richemont and its chairman Johann Rupert, Astrid Wendlandt’s

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