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Richemont in ‘Advanced Talks’ With Farfetch on YNAP Spin-Out

The Cartier owner has been looking for options to turn around or deconsolidate the loss-making e-commerce division. Farfetch could take a major role in providing technology for Richemont brands as part of the deal.
Cartier store in Shanghai, China.
Richemont says in ‘advanced talks’ with Farfetch on YNAP spin-out. Courtesy. (Cartier)

Swiss luxury group Richemont is in “advanced talks” to bring on Farfetch as a technology partner and minority investor in its loss-making Yoox Net-a-Porter unit, the company said in a statement Friday.

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