Net-a-Porter, a phase of change after the acquisition

Net-a-Porter, a phase of change after the acquisition

Net-a-Porter platform, the British luxury e-tailer part of the Yoox-Net à Porter conglomerate acquired in 2018 by the Swiss team Richemont, which also includes websites Mr Porter and The Outnet, has archived the fifteen months to March 31, 2019 recording a loss of  € 12.2 million. This was announced by Business of Fashion. “The numbers reflect the performance of e-commerce and not the overall global sales”. Net-a-Porter recorded sales up of 11% to 710.9 million pounds in the fifteen months ended March 2019. The cost of sales has grown 17% to £ 426.1 million, administrative expenses jumped 40% to £ 261.6 million. The results reflect the phase of change through the e-tailer, marked by the acquisition of the group by Richemont and by the increased competition in the luxury e-commerce sector.