Statement from Federico Marchetti, CEO of YOOX NET-A-PORTER GROUP, regarding Compagnie Financiere Richemont’s announcement

May 10, 2018

Federico Marchetti, Founder and CEO of YOOX NET-A-PORTER GROUP (YNAP), commenting on the closing today of the public tender offer by Richemont, said:

YOOX NET-A-PORTER powered by Richemont will be truly unbeatable.

Our solid track record of growth has made us #1 in online luxury.

Together with Richemont, we will invest even more in product, technology, logistics, people and marketing. We will accelerate our global growth and guarantee YNAP’s long-term leadership.

We started the business long before anyone else believed luxury could move online. I’m proud of what we’ve built over nearly two decades. It’s been a journey fueled by the creativity and courage of so many people.

I’m grateful to the entire YNAP team for their hard work, and to all of the customers, partners and friends who have supported us along the way.

The journey continues and it’s going to be very exciting!