Twenty years after founding Yoox as an off-price e-tailer, and five years after a merger with Net-a-Porter, Federico Marchetti will be stepping down as Yoox Net-a-Porter’s CEO. He will however, will remain as chairman of the company, which in 2018 was acquired by Richemont in a €2.8 billion deal.
In 2000, Marchetti founded YOOX, the world’s first lifestyle e-commerce destination, long before the launch of Facebook, Instagram and the iPhone. YOOX was listed on the Milan Stock Exchange in 2009, the first IPO in Italy for 18 months; today, it remains Italy’s sole “unicorn”. In 2015, Marchetti drove the game-changing merger of YOOX and NET-A-PORTER to create YOOX NET-A-PORTER GROUP, the world leader in online luxury fashion.
Under his leadership, YOOX NET-A-PORTER has signed important partnerships worldwide. In China, a joint venture between Richemont, YOOX NET-A-PORTER and Alibaba announced in 2018 puts the Group in pole position in the world’s biggest luxury market. In the Middle East, YOOX NET-A-PORTER has partnered with Mohamed Alabbar, the most visionary entrepreneur in the Gulf, since 2016.