Net-A-Porter to exit China: What’s the future for multi-brand luxury platforms?
Inside Retail
JUNE 19, 2024
Much like Farfetch, YNAP struggled to turn a profit in China, even during the Covid years when the luxury market was booming,” Jacques Roizen, MD at consultancy company Digital Luxury Group, told Inside Retail. YNAP entered China in 2013 before partnering with the country’s e-commerce giant Alibaba in 2018. What went wrong?
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