After 20 years, Federico Marchetti, the chairman and CEO of luxury e-tailer Yoox Net-a-Porter steps away from the CEO role. He founded Yoox in 2000 in the very early days of online fashion. View this post on Instagram A post shared by Federico Marchetti (@federicomarchetti) on Mar 4, 2020 at 8:35am PST “As […]
After 20 years, Federico Marchetti, the chairman and CEO of luxury e-tailer Yoox Net-a-Porter steps
away from the CEO role. He founded Yoox in 2000 in the very early days of online fashion.
View this post on Instagram
“As planned with Richemont, we are in the early stages of implementing a succession plan for the next CEO of YNAP, with me staying on as Chairman to ensure a smooth transition and set the new CEO up for success,” said Marchetti in a memo sent to staff on Wednesday. “There will be no changes in the way we operate for the time being — hence, it is very much business as usual for us all.”
In 2015, the site merged with Net-a-Porter, another luxury e-tail site that was purchased by luxury conglomerate Richemont in 2010. Under the original deal, Richemont owned 50% of the combined site. Three years later, Richemont purchased the remaining stake to become its sole owner.
“