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Richemont to sell online retailer stake to Farfetch, takes 2.7 bln euro writedown

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Richemont to sell online retailer stake to Farfetch, takes 2.7 bln euro writedown

Richemont Wednesday announced a long-awaited deal to offload most of its online fashion retailer YOOX Net-A-Porter (YNAP), clearing the way for its labels to sign up for technology run by luxury e-commerce specialist Farfetch .

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Richemont to sell online retailer stake to Farfetch, takes 2.7 bln euro writedown

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Richemont to sell online retailer stake to Farfetch, takes 2.7 bln euro writedown

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