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UK watchdog launches investigation into Richemont's sale of YNAP to Farf
1 month ago - By Fashion United
Image: YNAP
The UK's Competition and Markets Authority launched a probe into Richemont's sale of e-commerce businesses Yoox Net-a-Porter to Farfetch, and if they may pose unfair competition.
The CMA has invited comments on the transaction from any interested party, as it takes a deep dive into the merger situations, which is regulated by the Enterprise Act 2002.
With Farfetch in a controlling seat, Richemont's portfolio of brands, which include Cartier and Alaïa, would potentially have access to the technology driving Farfetch sales, and could result in a substantial lessening of...
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