Fashion

It’s been an eventful year for luxury e-commerce. Farfetch was sold for pennies on the dollar to Coupang in April of this year after running into profitability issues. Matches Fashion suffered a similar fate, being purchased by Frasers Group in late 2023 only to be shuttered completely in March. And Richemont’s Yoox-Net-a-Porter has remained a notorious money loser for its parent company. The latest news on this front is that Mytheresa, one of the few luxury e-commerce platforms that has fared well in the past few years, has acquired YNAP from Richemont in a deal that also sees Richemont taking a 33% stake in Mytheresa.