ZURICH: Richemont has restarted its attempt to offload its online fashion and accessories retailer Yoox Net-A-Porter (YNAP), Chief Financial Officer Burkhart Grund said on Thursday after the Cartier owner posted its Q3 results.
“We’re preparing the process to identify a future majority shareholder or a majority that can go up to 100% for YNAP,” Grund told analysts.
“How long will it take? I don’t know. We see interest unsolicited today from a number of places, but we can update once we’re further down the road,” he added.