LuxExperience BV, the leading digital, multi-brand luxury group, has announced measures as part of a transformation plan to boost growth and financial strength for its newly acquired YOOX NET-A-PORTER (YNAP) business. Acquired in April 2025, YNAP's brands NET-A-PORTER, MR PORTER, YOOX, and THE OUTNET are expected to benefit from efficiency and structural improvements. The reorganization could lead to a workforce reduction affecting approximately 700 employees across Italy, the UK, the US, and other locations. Despite these changes, Italy and the UK will remain central operational hubs. LuxExperience is committed to supporting affected employees and plans significant investments in customer-centric growth and marketing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LuxExperience BV published the original content used to generate this news brief via Business Wire (Ref. ID: 20250901052544) on September 03, 2025, and is solely responsible for the information contained therein.