BY LAURE GUILBAULT AND KATI CHITRAKORNPhoto: Courtesy of FarfetchUpdates article with José Neves comments, Farfetch’s 24 per cent share price gain and plans for new YNAP management and Yoox repositioning.The long-awaited deal between Swiss luxury conglomerate Richemont and the luxury marketplace Farfetch for the sale of loss-making Yoox Net-a-Porter (YNAP) is finally inked with Richemont writing down €2.7 billion as a result of the deal, while Farfetch shares surged 24 per cent.Richemont, Farfetch and Symphony Global, one of the investment vehicles of the Emirati businessman Mohamed Alabbar who is behind the Dubai Mall, announced on Wednesday the acquisition by Farfetch and Alabbar of a 47.5 per cent and 3.2 per cent stake respectively in YNAP. The deal “lays a path towards Farfetch potentially acquiring the remaining shares in YNAP”, according to the press release, through a put and call option mechanism. The move consolidates Farfetch’s market dominance, by taking pote
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