The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022.
REUTERS/Denis Balibouse Acquire Licensing RightsMILAN, Nov 29 (Reuters Breakingviews) - Johann Rupert’s digital strategy may be heading back to the drawing board.
But even if Rupert can extricate himself from the Farfetch situation, Richemont’s digital plans will still be unclear.
In August 2022 Richemont agreed to sell a 47.5% stake in its digital platform, Yoox Net-A-Porter, to Farfetch.
Shares in Richemont were up 1.5% by 1100 GMT on Nov. 29.
Persons:
Denis Balibouse, Johann Rupert’s, Porter, Cartier, Rupert, Farfetch, José Neves, Richemont, Financiere Richemont, Peter Thal Larsen, Oliver Taslic
Organizations:
REUTERS, Reuters, The Telegraph, Financiere, Telegraph, Thomson
Locations:
Bellevue, Geneva, Switzerland, Swiss, U.S, YNAP, New York, Richemont