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Richemont in advanced talks to further partnership with Farfetch

Richemont in advanced talks to further partnership with Farfetch
Richemont in advanced talks to further partnership with Farfetch   -   Copyright  Thomson Reuters 2021
By Reuters

ZURICH – Richemont and British-Portuguese online fashion platform Farfetch are in advanced talks to further their partnership, the owner of jewellery house Cartier said on Friday.

Further progress has been made towards creating a neutral, industry-wide platform, Richemont said, with Farfetch investing directly in Yoox Net-A-Porter as a minority shareholder.

Other shareholders will be invited to participate, with the ultimate aim for Yoox Net-A-Porter to be a neutral platform, with no controlling shareholders, Richemont said.