Chairman and Chief Executive Officer of YOOX NET-A-PORTER GROUP
Federico Marchetti is an entrepreneur at the intersection of luxury and technology.
In 1999, he invented YOOX, seizing the opportunity long before industry insiders understood what the Internet could offer the world of fashion. Since then, Federico has continued to anticipate the market and customer trends.
In 2015, Federico drove the game-changing merger of YOOX and NET-A-PORTER founding YOOX NET-A-PORTER GROUP – the world’s leading online luxury fashion retailer.
Uniquely positioned in the high-growth online luxury sector, YOOX NET-A-PORTER GROUP has a client base of more than 3 million high-spending customers from over 180 countries, employs nearly 5,000 people and generated revenues of almost $2.5 billion in 2017, half of which were from mobile sales.
In 2018, with a valuation of $6 billion, YOOX NET-A-PORTER became part of Richemont, one of the world’s leading luxury groups. Its portfolio of Maisons includes Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Van Cleef & Arpels, Chloé, Montblanc and Officine Panerai in Italy.
Today, Federico Marchetti is Chairman and Chief Executive Officer of YOOX NET-A-PORTER GROUP, and divides his time between Milan and London.
Federico holds a degree in Economics from Bocconi University in Milan and an MBA from Columbia Business School in New York City.
Milestones & Achievements
- In 2017, YOOX NET-A-PORTER GROUP adopted a fur-free policy. Federico has always been among the first in the industry to recognize the importance of sustainability. In 2009, YOOX launched YOOXYGEN, the first online shop-in-shop on the market dedicated to sustainable fashion, and introduced the ECOBOX, the first responsible packaging in e-commerce composed of 100% recyclable materials. Sustainability continues to be a priority for the Group.
- Federico is personally committed to fostering gender equality in the workplace. Currently, in YOOX NET-A-PORTER GROUP, more than half of the middle and senior managers are women, holding some of the most strategic roles in the Group.
- Federico is a great supporter of digital education. In 2017 alone, the Group trained over 2,000 students, half of whom were girls, through workshops and educational programs in partnership with Fondazione Golinelli in Italy and Imperial College in the United Kingdom.
- Federico was one of the first to believe in the potential of selling fine jewelry and luxury watches online. In 2016, YOOX NET-A-PORTER GROUP pioneered the introduction of hard luxury in e-commerce and became the leader in selling brands such as Piaget, Cartier, Pomellato, Tiffany & Co. and Buccellati. Furthermore, in 2018, the Group launched two of the world’s first online hard luxury destinations: The Fine Jewelry and Watch Suite on NET-A-PORTER and The Luxury Watch Guide on MR PORTER.
- In 2016, Federico created a joint venture with Mohamed Alabbar – the owner of The Dubai Mall, the biggest mall in the world with 80 million visitors per year – to create the leading online luxury retailer in the Middle East.
- In 2010, Federico led the Group to become the first international luxury fashion e-tailer in China.
- In 2006, a year prior to the launch of the first iPhone, Federico foresaw the enormous potential of mobile commerce and established a mobile task force in YOOX to seize this emerging opportunity.
- In 2005, Federico introduced a new business model – the ONLINE FLAGSHIP STORES – to develop and manage tailor-made digital mono-brand stores for luxury and fashion Maisons. Armani.com was one of the first Online Flagship Stores launched by the Group.
Awards & Recognitions
- 2018 – The Guido Carli commission recognized Federico for entrepreneurial achievement
- 2017 – The President of the Republic of Italy presented Federico with a knighthood
- 2016 – EY named Federico Italy’s “Entrepreneur of the Year”
- 2016 – Institutional Investor ranked Federico among the top CEOs in the luxury goods sector
- 2016 – Harvard Business Review ranked Federico among the top 10 best-performing CEOs in Italy
- 2015 – Wired named Federico in the Wired UK 100 as one of the most influential figures in European tech
- 2015 – Vanity Fair included Federico among “The Disruptors” in their New Establishment List
- 2014 – Bocconi University named Federico Alumnus of the Year
- 2012 – The President of the Republic of Italy awarded Federico the Leonardo Award for Innovation