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Richemont in Talks to Sell YNAP Stake to Farfetch

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Compagnie Financière Richemont S.A. has detailed long-awaited plans for its money-losing Yoox-Net-A-Porter (YNAP) business, and now it’s in advanced talks to sell a minority stake to London-based Farfetch Ltd. The Swiss luxury conglomerate said on Friday that it is in “advanced discussions with Farfetch with a view to enhancing the partnership it established last year.”…

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