Yoox Net-a-Porter shuts down China operations

Yoox Net-a-Porter is shutting its China operations as it looks to focus on more profitable markets.
The luxury ecommerce platform’s operations, which are under a joint venture with Chinese ecommerce group Alibaba, will be liquidated, The Financial Times reported.
Owner Richemont said the decision was made “in the context of a global Yoox Net-a-Porter plan aimed at focusing investments and resources on its core and more profitable geographies”.Subscribe to Retail Gazette for fre