Retail in Asia


Net-a-Porter appoints new interim CEO

Alison Loehnis has been appointed as the interim CEO of online luxury retailer Yoox Net-a-Porter (YNAP), effective October 31. After 11 years in the position, the former CEO Geoffroy Lefebvre stepped down in order to pursue a career in private equity.

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Loehnis has held a critical senior management role at Net-a-Porter since its merger with Yoox in 2015. She was initially appointed as vice president of sales and marketing in 2007.

Loehnis will serve as the President of Net-a-Porter, Mr Porter, and The Outnet, until the sale of YNAP to Farfetch and Alabbar is completed in 2023. Upon completion of the deal, an external CEO will be appointed.

Alabbar and Farfetch are set to acquire Richemont’s stake in YNAP following Richemont’s announcement in August. Richemont’s multi-brand e-commerce player YNAP will become a neutral platform with no controlling shareholder after Farfetch takes a 47.5 percent stake and Emirati businessman Mohamed Alabbar takes a 3.2 percent stake.

Richemont CEO Jérôme Lambert made a statement on the change of management, “We are grateful for Geoffroy’s leadership throughout his career at Richemont. During his time at Yoox Net-a-Porter he launched innovations such as the YOOX Marketplace and built new capabilities on which the company will continue to grow. On behalf of the group, I would like to wish Geoffroy all the best for his future endeavours.”

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“I would also like to express my support and gratitude for Alison as she steps into this interim role. A long-time champion of our customers, Alison is a passionate leader who will continue to steer the business and its talented teams as Yoox Net-a-Porter enters an exciting new chapter.”