Richemont Sells YNAP To Farfetch And Symphony Global In Historic Deal

Richemont, the Swiss luxury conglomerate which owns YOOX Net-a-Porter Group (YNAP), has announced that they will be selling a 47.5% stake of the loss-making online fashion retailer YNAP to FARFETCH, and 3.2% to Symphony Global, an investment private limited company based in Dubai and run by Emirati real estate mogul Mohamed Alabbar, also known as …

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