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Latham Advises FARFETCH on the Expansion of Its Luxury New Retail Partnership With Richemont

August 24, 2022
Transaction aims to advance the digitalization of the luxury industry.

FARFETCH (NYSE:FTCH) and Richemont (SWX:CFR) have announced a landmark expansion to their Luxury New Retail partnership, alongside Alabbar, with an agreement for FARFETCH to acquire a 47.5% stake in YOOX Net-a-Porter (YNAP) and for Richemont and YNAP to each adopt FARFETCH Platform Solutions.

Latham & Watkins advised FARFETCH in the transaction, with a team led by London corporate partners Joshua Kiernan and Ed Barnett and associate Hector Sants, with London associates Andria Varnavides, Connie Taylor-Cox, Alayna Kenney, and Francesca Forzoni, and Milan associates Giovanni Spedicato, Maria Giulia De Cesari, and Martina Ferraris. Advice was also provided on regulatory matters by Milan partner Cesare Milani; on antitrust matters by London partner David Little and Brussels partner Lars Kjølbye, with Brussels associates Anthemis Economou and Eva Beyer Blumental, and London associates Jamie Mansour, Josephine Macintosh, Sarah Miller, Oscar Hayward, and Sean Newhouse; on data and technology transactions matters by London partner Deborah Kirk, with associates Elva Cullen, Alain Traill, Grace Erskine, Will Garton, Liz Longster, Ianthe Fry, Victoria Wan, and Anna Cloke; on data protection matters by London partner Gail Crawford, with associate Calum Docherty; on finance matters by London associate Robert Lowe; on employment matters by London partners Catherine Drinnan and Sarah Gadd; on tax matters by London partner Sean Finn, with counsel James Leslie and associate Aaron Bradley; and on US corporate matters by New York partner Ellen Smiley, with London associate Nicole McNeil.