… Chairman and CEO of YOOX NET-A-PORTER GROUP Entrepreneur and Innovator. Federico Marchetti is a visionary who started the e-commerce fashion company Yoox very early in the emergence of the web. HRH The Prince of Wales & Yoox Net-a-Porter Group Chairman and CEO Federico Marchetti with six of the Modern Artisans at the final collection review at Dumfries House. Yoox Net-a-Porter had to close some of its warehouses during the outbreak, and Marchetti said the recovery was likely to be U-shaped. Federico Marchetti, YOOX Net-a-Porter's chairman and CEO, is also joining Giorgio Armani's Board of Directors as an independent non-executive director. Mike Wilkinson . Since then, Federico has continued to anticipate the market and customer trends. It's an initiative that first started in 2017 in a deal with Valentino. Yoox Net-A-Porter (YNAP) Group has named Geoffroy Lefebvre as new CEO, replacing current CEO and founder of Yoox, Federico Marchetti, effective 4 January. At the same time we also have an off-season business, which is Yoox, that is doing extremely well during like, shocks. Foto via W Magazine. These cookies do not store any personal information. “Technology can help the planet,” said Federico Marchetti in a wide-ranging Q&A discussion that shined a light on just how much data Yoox Net-a-porter Group has stored in its digital coffers, how it plies that data into pricing, fashion forecasting, and app-making — and how it tries to use it as a force for good.Marchetti I've always thought that we are 50% technology and 50% luxury." Chi è Kerry Olsen, la giornalista e moglie di Federico Marchetti, CEO di Yoox e Net a Porter Group. Twenty years ago (in 2000), long before the launch of Facebook, Instagram and the iPhone, Federico Marchetti founded YOOX, the world’s first lifestyle e-commerce destination. The executive informed employees on Wednesday afternoon that he will step down from his role as CEO. It allows shoppers to see stock availability in stores worldwide. We'll assume you're ok with this, but you can opt-out if you wish. Federico Marchetti is the chairman and CEO of Yoox Net-a-Porter Group, which celebrates its 20th anniversary this year. Federico Marchetti is the chairman and CEO of Yoox Net-a-Porter Group, which celebrates its 20th anniversary this year. Everybody's talking about 'omnichannel' but very few in luxury do it. Entrepreneur and Innovator. Managers that use A.I. Like other luxury groups, Richemont was hit hard by the pandemic, reporting a 47% fall in revenue for the quarter to the end of June, and while it does not break out figures for Yoox Net-a-Porter, online sales for Richemont as a whole were down 22%. Yoox Net-a-Porter Group has announced the appointment of Geoffroy Lefebvre as its new chief executive. “We have worked together over recent times and he fully masters our business model. Federico Marchetti, CEO and chairman of Yoox Net-a-Porter, and fashion designer Giorgio Armani. So it’s no surprise that there was a general freakout this weekend when T Magazine published Guadagnino’s inaugural experiment in interior design — a 9,600 square-foot, two-story ochre mansion on the shores of Lake Como, owned by Yoox founder Federico Marchetti and his partner, Kerry Olsen. Education and early career. As an entrepreneur I am proud to have created a tech unicorn and built a digital powerhouse.”. Federico Marchetti, patron di Yoox Net-a-Porter, vive a Como con la moglie Kerry Olsen da 5 anni e negli ultimi quattro hanno seguito i lavori di ristrutturazione per il loro rifugio sul lago. Marchetti launched Yoox from Milan in 2000 as an online retailer selling out-of-season high-end fashion, and in 2015 it completed a merger with Net-a-Porter, the British-born luxury e-commerce site founded by Natalie Massenet, focusing on in-season stock. Yoox Net-A-Porter has appointed Geoffroy Lefebvre as its new chief executive as part of a succession plan that will see current chief executive and founder Federico Marchetti (pictured) become chairman. Federico Marchetti, classe 1969, residente a Lenno di Tremezzina è uno degli imprenditori più innovativi al mondo. And so basically what I did over the 20 years was building brick after brick with a long-term perspective. The Modern Artisan students, HRH The Prince of Wales, Federico Marchetti “The Modern Artisan project is a unique collaboration that champions sustainability and prepares trainees with the skills and confidence needed to gain employment in the fashion and textile industry, or start their own business. Chairman and CEO of YOOX NET -A-PORTER GROUP. A Division of NBCUniversal. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In one of the biggest fashion e-commerce deals of 2015, Marchetti and Johan Rupert, chairman of Richemont, announced a merger between Yoox and Net-a-Porter at the end of March 2015. Editorial: 0208 222 0503 © 2020 CNBC LLC. "(It is) revolutionary because everybody's talking about 'omnichannel' but very few in luxury do it.". YOOX NET-A-PORTER Group has named its new CEO. Now he is the Chairman and CEO of the combined Yoox Net-a-Porter Group , following the merger with online design fashion retailer Net-a-Porter in 2015. Speaking to … Marchetti will remain chairman of the company, which he has led first as off-season fashion retailer Yoox since it launched in 2000, and then … Federico Marchetti is an entrepreneur at the intersection of luxury and technology. Federico Marchetti, Chairman and CEO, Yoox Net-A-Porter Group, in conversation with Shereen Bhan, Managing Editor, CNBC TV-18, during the 18th edition of … Marylebone, London, W1G 0PG. This website uses cookies to improve your experience while you navigate through the website. Marchetti shared the message, which was seen by Vogue Business, with employees on Wednesday afternoon. . Clarification: Federico Marchetti is CEO and chairman of Yoox Net-a-Porter Group. His father worked in an automobile factory and his mother was a telephone operator. Federico Marchetti, YOOX NET-A-PORTER GROUP Chairman and Chief Executive Officer. The update comes after it emerged in March that boss Federico Marchetti would be stepping down from the role next year. Yoox Net-a-Porter begins search for CEO Federico Marchetti's successor. Currently group digital distribution director at Yoox Net-A-Porter’s parent company Richemont, Lefebvre will take up his new role on 4 January. Federico Marchetti, CEO and chairman of Yoox Net-a-Porter, and fashion designer Giorgio Armani. Twenty years after founding Yoox as an off-price e-tailer, and five years after a merger with Net-a-Porter, Federico Marchetti is stepping down as Yoox Net-a-Porter’s CEO. to grow our food, valuing Yoox Net-a-Porter at 5.3 billion euros. 35.5k Followers, 992 Following, 1,003 Posts - See Instagram photos and videos from Federico Marchetti (@federicomarchetti) … Lefebvre will step into the role on January 4 from YNAP Group’s parent company Richemont, where is he currently group digital distribution director. Green issues have long been a concern for the prince (now recovered) and the coronavirus pandemic has focused both consumers' and designers' attention on the topic. “Technology can help the planet,” said Federico Marchetti in a wide-ranging Q&A discussion that shined a light on just how much data Yoox Net-a-porter Group has stored in its digital coffers, how it plies that data into pricing, fashion forecasting, and app-making — and how it tries to use it as a force for good.Marchetti Federico Marchetti, Chairman and CEO, Yoox Net-A-Porter Group, in conversation with Shereen Bhan, Managing Editor, CNBC TV-18, during the 18th edition of … His father worked in an automobile factory and his mother was a telephone operator. Chairman and CEO of YOOX NET-A-PORTER GROUP Entrepreneur and Innovator. The closure of physical stores is being seen as the new normal in the post-pandemic world. Yoox Net-a-Porter chairman and CEO Federico Marchetti said concerns around sustainability had been accelerated due to the coronavirus. Yoox Net-a-Porter CEO Federico Marchetti to step down after 20 years YNAP had started its search for a new chief executive in February after Marchetti announced he … The two had met when the prince and his wife Camilla, Duchess of Cornwall, visited the company's London office in 2018, and mooted a collaboration. This (new model) is the end of it," Marchetti explained. "From Lake Como, I wrote a letter to him to ask how he was," he told CNBC. November 30, 2020 Today the Company announces the appointment of Geoffroy Lefebvre, currently Group Digital Distribution Director at Richemont, who will become the CEO of YOOX NET-A-PORTER GROUP from 4th January 2021. Save my name, email, and website in this browser for the next time I comment. "It didn't say: Yoox is a website that is selling off-season (fashion). Established in 2000 by entrepreneur Federico Marchetti, YOOX is the off-price arm of the now Yoox Net-A-Porter group. Federico Marchetti, YNAP chairman and CEO, said in a statement: “For two decades, delivering exceptional customer service has been at the heart of the YNAP approach. Lefebvre joins from parent company Richemont where he has worked as digital distribution director. The business has added Armani to its "next era" model that lets consumers see stock availability in-store as well as online. 'will replace those that do not,' IBM executive says, Travel needs to return from April or some airlines might disappear, CEO says, Chinese e-commerce platform Pinduoduo wants A.I. “As part of the succession plan communicated at the beginning of 2020, I am delighted to be handing the baton to Geoffroy Lefebvre as the CEO of Yoox Net-a-Porter Group,” Marchetti said. He will take up the role on 4 January as per the succession plan announced by the global online luxury group earlier this year. A few years ago, Prince Charles met Yoox Net-a-Porter’s CEO Federico Marchetti, who calls the prince an “inspiration” throughout his own sustainability journey. In 2018, it became part of luxury conglomerate Richemont, in a deal valuing Yoox Net-a-Porter at 5.3 billion euros. Lefebvre joins from parent company Richemont where he has worked as digital distribution director. Covid impact on fashion industry: YOOX's Federico Marchetti decodes #HTLS2020. Marchetti forecast a U-shaped recovery from the pandemic for Yoox Net-A-Porter. 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Federico Marchetti Alex Majoli MILAN — As per the succession plan set in motion earlier this year, the Yoox Net-a-porter Group will see the arrival of a new chief executive officer in 2021. ", Sluggish sales for luxury designers means an excess of stock, so they are more willing to sell inventory via sites like Yoox and the Outnet, Net-a-Porter's designer discount sister site. These two engines of this aeroplane, when one is slowing down a little bit, the other one is accelerating, and vice versa.". Federico Marchetti. The news comes less than a week after Retail Gazette revealed that Net-A-Porter managing director Nicola Brandolese had reportedly stepped down after serving just over a year in his role. He will be replacing Marchetti… YNAP Group owns online fashion retailers Net-A-Porter, Mr Porter and Yoox. We think that online luxury will be a marathon … what we're doing is laying the foundations in China (and) protecting our people during the pandemic, establishing good values around this company. In 2019, NET-A-PORTER launched NET SUSTAIN, a platform to promote and celebrate the brands sold on site that meet the business’ criteria for sustainability in procurement and production. He will be replacing Marchetti, who founded his label Yoox in 2000 in the early days of online fashion, before quickly building the … "The first time I met him, he was showing me the shoes that he's wearing (for) such a long time.". The collection, named The Modern Artisan, is now slated for a November launch, delayed a few months due to the coronavirus outbreak. "We share the same vision with (Richemont chairman) Johann Rupert, of being focused on the long-term growth. In one of the biggest fashion e-commerce deals of 2015, Marchetti and Johan Rupert, chairman of Richemont, announced a merger between Yoox and Net-a-Porter at the end of March 2015. Federico Marchetti is the Founder of YOOX and YNAP, Chairman and CEO of YOOX NET-A-PORTER GROUP, the world's leading online luxury retailer, and Independent Non … “We’re quite used to being the first to do things,” Federico Marchetti, the chief executive of Yoox Net-a-Porter Group, says with a laugh. “For two decades, delivering exceptional customer service has been at the heart of the Yoox Net-a-porter approach,” said Federico Marchetti, chairman and chief executive officer of YNAP. Federico Marchetti, the CEO and chairman of Yoox Net-a-Porter Group. By Kati Chitrakorn 4 March 2020. But opting out of some of these cookies may affect your browsing experience. This website uses cookies to improve your experience. HRH The Prince of Wales with YOOX Net-a-Porter CEO Federico Marchetti at Dumfries House in Scotland. We want to hear from you. Geoffroy Lefebvre, currently Group digital distribution director at parent group Richemont, will take over the role with incumbent Federico Marchetti remaining as chairman. Entrepreneur Marchetti founded Italy’s Yoox in 2000 and it … It is mandatory to procure user consent prior to running these cookies on your website. Commercial: 07401 241 979, UK: Four Cavendish Square, The collection's creators can tap into data gleaned from the buying habits of Yoox Net-a-Porter's 4 million customers, and it is partly this information on shoppers' behavior that has made the group a success, Marchetti said. Federico Marchetti is an entrepreneur at the intersection of luxury and technology. It is 100 per cent operational; a previous version of this article said otherwise. Marchetti, who did a stint as a merchant banker at Lehman Brothers early in his career, said he has always focused on the long game. YOOX was listed … Federico Marchetti, YOOX Net-a-Porter's chairman and CEO, is also joining Giorgio Armani's Board of Directors as an independent non-executive director. His first job was at the Lehman Brothers branch officer in Milan, where he worked in investment banking for three years. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. In 2000, Marchetti founded YOOX, the world’s first lifestyle e-commerce destination, long before the launch of Facebook, Instagram and the iPhone. Federico Marchetti. |. A photo posted by YOOX.COM (@yoox) on Dec 19, 2016 at 5:32am PST H owever, it is highly unlikely that Marchetti would be caught wearing anything resembling a Mickey Mouse outfit. All rights reserved. Got a confidential news tip? Federico Marchetti is Chairman and Chief Executive Officer of YOOX NET-A-PORTER GROUP, and divides his time between Milan and London. Lefebvre will also replace incumbent chief executive and chairman Federico Marchetti, who will stay on with YNAP as chairman. In our 20th anniversary year, it is a fitting moment to kick-start the handover and I look forward to working with him as chairman during the transition period.

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