UK Markets close in 7 hrs 46 mins
  • FTSE 100

    7,161.55
    +32.34 (+0.45%)
     
  • FTSE 250

    22,829.35
    +144.51 (+0.64%)
     
  • AIM

    1,191.78
    +3.04 (+0.26%)
     
  • GBP/EUR

    1.1754
    -0.0012 (-0.11%)
     
  • GBP/USD

    1.3273
    -0.0029 (-0.2164%)
     
  • BTC-GBP

    42,649.63
    -505.88 (-1.17%)
     
  • CMC Crypto 200

    1,444.31
    +5.43 (+0.38%)
     
  • S&P 500

    4,577.10
    +64.06 (+1.42%)
     
  • DOW

    34,639.79
    +617.75 (+1.82%)
     
  • CRUDE OIL

    68.53
    +2.03 (+3.05%)
     
  • GOLD FUTURES

    1,768.50
    +5.80 (+0.33%)
     
  • NIKKEI 225

    28,029.57
    +276.20 (+1.00%)
     
  • HANG SENG

    23,766.69
    -22.24 (-0.09%)
     
  • DAX

    15,366.16
    +103.05 (+0.68%)
     
  • CAC 40

    6,836.64
    +40.89 (+0.60%)
     

Prada expects to join Richemont-Farfetch talks over joint online platform

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
A woman cleans the brand logo at a Prada fashion boutique in Beijing
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

MILAN (Reuters) - Prada expects to be involved in talks between Cartier owner Richemont and online retailer Farftech about launching a joint e-commerce platform, the Italian group's maketing chief said on Thursday.

Richemont said last week it was in advanced talks with Farfetch about selling it a minority stake in its loss-making online business Yoox Net-a-Porter (YNAP). It said it would also invite other firms besides Farfetch to participate in turning YNAP into a neutral, industry-wide retail platform with no overall controlling shareholder.

Asked if Prada would be interested in taking part in such a venture, Lorenzo Bertelli told reporters: "I really don't want to comment further but we are a commercial partner and I think for this reason and not only for this we will be invited to participate in the discussions."

(Reporting by Claudia Cristoferi and Silvia Aloisi)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting