LuxExperience BV Announces Workforce Reduction and Strategic Reorganization as Part of YNAP Transformation Plan

Reuters

Sep 03

LuxExperience BV Announces Workforce Reduction and Strategic Reorganization as Part of YNAP Transformation Plan

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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