YNAP fined 5.25 million euros by Italian watchdog for misleading pricing
Luxury pureplayer YNAP, which operates the Net-a-Porter and Yoox e-commerce businesses, was fined 5.25 million euros by Italy’s antitrust body.
The hefty fine for misleading prices came as the etailer was alleged to limit the right to return merchandise purchased between 2019 and 2022.
Shoppers experienced limited rights to return merchandise with the websites blocking completed online orders, without informing customers, when certain return levels were breached.
Other allegations by the antitrust say YNAP misrepresented sale prices and the discounts that were effectively applied. The retailer advertised reductions on products on which the final sale price was “substantially the same” said Reuters.
Yoox has 60 days to inform the regulator on the measures it has implemented to be in compliance.
In 2022 Swiss luxury group Richemont sold YNAP to Farfetch and Emirati businessman Mohamed Alabbar.
2023-04-17 10:16:19
- 上一篇
An ode to denim: The street style of Kingpins Amsterdam
Denim is perhaps the most versatile, not to mention the most worn item in any wardrobe. The fabric i
- 下一篇
Vogue magazine to reduce print issues to 10 editions per year
The future of printed fashion magazines has once again come under scrutiny, as Vogue, arguably the w
相关文章
- 5 Trends from Milan men's fashion week
- Pharrell Williams for Louis Vuitton presents a show worthy of a Hollywood production
- Christopher Kane could shut down namesake label
- IFCO, Europe's biggest fashion fair, taking place August 9 to 11 in Istanbul
- Nike commits to Responsible Wool Standard
- Who are the winners of Mod'Art's E.Fashion Awards 2023?
- Colours trends for SS24 give the female body a voice
- Item of the week: the distressed jeans
- Scotch & Soda: All UK stores reportedly closing following rescue
- Up-and-coming fashion talant Burc Akyol: "We manage to make magic out of very little"