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Richemont agrees deal to offload YNAP stake to Farfetch

Upon completion of the sale of 47.5% of YNAP’s share capital to Farfetch, Richemont will receive 53.0-58.5 million Farfetch Class A ordinary shares and a further $250m in Class A ordinary shares five years after the initial completion

Richemeont has revealed it has agreed a deal to offload a majority stake of its e-commerce unit Yoox-Net-A-Porter (YNAP) to Farfetcth and Emirati investor Alabbar.

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