Net-a-porter to Shutter Beauty Business: Sources

Sources say that is the case, with one specifying that the luxury e-commerce platform’s beauty arm has been ailing for some time, and that a pivot toward ultra-luxury price points earlier this year was enacted as a Hail Mary effort to resuscitate the business.sharing plans to double down on luxury brands that perform well, such as Liberowe, Sasuphi and Veronica De Piante, and trim those that don’t.

its long-awaited deal to sell Yoox Net-a-porter to Farfetch and Alabbar. The decision came shortly after Farfetch — embroiled in luxury e-commerce headwinds of its own — entered prepack administration and was acquired byin August 2023, just one year after acquiring Violet Gray and launching a beauty assortment of its own with more than 100 prestige brands.)

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Selena Gomez Reaches Billionaire Status from Various Business Ventures Including Rare Beauty: ReportOn Sept. 6, Bloomberg Billionaires Index named Selena Gomez one of the youngest female self-made billionaires in the United States.
Source: people - 🏆 712. / 51 Read more »

Goop Refocuses Business on Fashion, Beauty and Food, Resulting in LayoffsGwyneth Paltrow's Goop has reorganized to focus on fashion, beuaty and food, and Goop Kitchen completed a $15 million capital raise from Uber cofounder and CloudKitchens CEO Travis Kalanick.
Source: wwd - 🏆 24. / 68 Read more »

Review: Beauty can be an ugly business in 'Skincare,' a summer fun flickThe film stars Elizabeth Banks, Lewis Pullman and more.
Source: ABC - 🏆 471. / 51 Read more »