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  • Glossy
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  • What the Farfetch-Richemont deal clearance means for luxury e-commerce
    24 Oct 2023—Glossy
    According to the antitrust ruling from the European Union on October 23, Farfetch can proceed with its acquisition of a 47.5% stake in Richemont-owned fashion e-commerce company Yoox Net-A-Porter. At the time the potential deal was announced in August 2022, Richemont chairman Johann Rupert said the acquisition would be a step towards his ambition of building an “independent neutral online platform for the luxury industry”. The E.U. decision was one of the biggest contention points holding up...