This is where the two sides of the business complement each other, Marchetti said. 35.5k Followers, 992 Following, 1,003 Posts - See Instagram photos and videos from Federico Marchetti (@federicomarchetti) His first job was at the Lehman Brothers branch officer in Milan, where he worked in investment banking for three years. |. Today, nearly half of all ecommerce sales are made on mobile devices and global ecommerce sales are set to pass $4.2 trillion by the... © Copyright Retail Gazette. Sign up for free newsletters and get more CNBC delivered to your inbox. "The first time I met him, he was showing me the shoes that he's wearing (for) such a long time.". One of the biggest casualties of the Covid-19 pandemic and the consequent lockdown has been the fashion industry. Federico Marchetti is Chairman and Chief Executive Officer of YOOX NET-A-PORTER GROUP, and divides his time between Milan and London. 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 … "It didn't say: Yoox is a website that is selling off-season (fashion). CEO of Yoox Net-a-Porter Group, Federico Marchetti, has been award knighthood in Italy. Federico Marchetti, chairman and chief executive officer of the Yoox Net-a-porter Group has no doubts, detailing the online retailer’s three-year strategic plan to WWD. The executive informed employees on Wednesday afternoon that he will step down from his role as CEO. Got a confidential news tip? Entrepreneur and Innovator. Currently group digital distribution director at Yoox Net-A-Porter’s parent company Richemont, Lefebvre will take up his new role on 4 January. … HRH The Prince of Wales with YOOX Net-a-Porter CEO Federico Marchetti at Dumfries House in Scotland. This (new model) is the end of it," Marchetti explained. 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. The collection, named The Modern Artisan, is now slated for a November launch, delayed a few months due to the coronavirus outbreak. Federico Marchetti remains Chairman. Speaking to … You also have the option to opt-out of these cookies. 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. 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. “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. "The quality, the longevity of the product, but also sustainability has been a big trend before Covid in the fashion industry … After Covid, there's been an acceleration in terms of sustainability," Marchetti said via phone. All rights reserved. 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. 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He will be replacing Marchetti, who founded his label Yoox in 2000 in the early days of online fashion, before quickly building the … July 4, 2020 Yoox Net-a-Porter CEO Federico Marchetti, E-Commerce Pioneer, on the State of Shopping Marchetti tells us how AI is enhancing luxury … Chairman and CEO of YOOX NET-A-PORTER GROUP Entrepreneur and Innovator. 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. Photo: Courtesy of Yoox … “Over the last two decades the group has grown exponentially, from a fledgling start-up to the biggest player in luxury ecommerce. "He's the one telling me: 'Buy less, but buy better,'" Marchetti recalled, referring to the prince's efforts around sustainability. Il fortunato è Federico Marchetti, classe 1969, colui che nel 2000 fondò la società di ecommerce di marchi di moda a prezzi scontati, Yoox, per poi portarla a Piazza Affari nel 2009, quando fatturava intorno ai 150 milioni l’anno. Managers that use A.I. Federico Marchetti, YOOX NET-A-PORTER GROUP Chairman and Chief Executive Officer. Necessary cookies are absolutely essential for the website to function properly. 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 … 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%. It wasn't the starting point. We'll assume you're ok with this, but you can opt-out if you wish. "From Lake Como, I wrote a letter to him to ask how he was," he told CNBC. Federico Marchetti sul Lago di Como. It said: Yoox is the global leader in fashion e-commerce. In 1999, when he spent evenings in his Milan apartment working on the business plan for Yoox, his vision was clear. He will take up the role on 4 January as per the succession plan announced by the global online luxury group earlier this year. "We share the same vision with (Richemont chairman) Johann Rupert, of being focused on the long-term growth. MILAN, Italy — Yoox Net-a-Porter Chief Executive Officer Federico Marchetti is stepping down from his position at the Richemont-owned luxury e-commerce retailer, according to an internal document viewed by BoF.A successor has not been announced. "We have seen it also in the past in 2008 with Lehman … And it doesn't matter how deep is the shock, because like after a couple of weeks, people wanted to shop." 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. The decoration is currently bestowed by the President of the Italian Republic, who appoints 25 new Cavalieri del Lavoro on Republic Day, June 2, each year. "We are obviously like a tech company, digital company. But opting out of some of these cookies may affect your browsing experience. He will be replacing Marchetti… Federico Marchetti, the CEO and chairman of Yoox Net-a-Porter Group. Prince Charles and Yoox Net-a-Porter CEO Federico Marchetti worked with artisans in Italy and Scotland to create a traceable, sustainable collection, available online now. His father worked in an automobile factory and his mother was a telephone operator. Federico Marchetti . “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. Yoox Net-a-Porter begins search for CEO Federico Marchetti's successor. YNAP Group owns online fashion retailers Net-A-Porter, Mr Porter and Yoox. It is mandatory to procure user consent prior to running these cookies on your website. Federico Marchetti, classe 1969, residente a Lenno di Tremezzina è uno degli imprenditori più innovativi al mondo. Chairman and CEO of YOOX NET-A-PORTER GROUP Entrepreneur and Innovator. 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. These cookies will be stored in your browser only with your consent. 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. “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 is the founder of the internet retailer and e-commerce services company Yoox and the chief executive of the Yoox Net-a-Porter Group. Marchetti forecast a U-shaped recovery from the pandemic for Yoox Net-A-Porter. A previous version of this article left out his chairman title. 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. Photo: Handout The latest instalment in … 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 … Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. "(It is) revolutionary because everybody's talking about 'omnichannel' but very few in luxury do it.". "I would call it the summary of what I've been trying to do in 20 years, and what I believe in, in terms of the 'DNA' (of the group)," Marchetti stated. "One of the most disappointing experiences for the customer (is) when you enter into a shop because you wanted that bag … and then the sales assistant tells you: 'I'm sorry, but it's sold out and let me call the shop in Shanghai to see if they have it.' Federico Marchetti is the founder of the internet retailer and e-commerce services company Yoox and the chief executive of the Yoox Net-a-Porter Group. When Prince Charles became unwell with the coronavirus in March, Federico Marchetti, chairman and CEO of luxury fashion group Yoox Net-a-Porter, put pen to paper from his home in northern Italy. This website uses cookies to improve your experience. . We also use third-party cookies that help us analyze and understand how you use this website. The business has added Armani to its "next era" model that lets consumers see stock availability in-store as well as online. Federico Marchetti commented: “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. As well as selling fashion via its own e-commerce stores, it provides the tech platforms behind several fashion brands' websites, such as Valentino and Saint Laurent. At the same time we also have an off-season business, which is Yoox, that is doing extremely well during like, shocks. 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. YNAP had started its search for a new chief executive in February after Marchetti announced he would be stepping down from the role when his contract expires. Entrepreneur Marchetti founded Italy’s Yoox in 2000 and it … Education and early career. The update comes after it emerged in March that boss Federico Marchetti would be stepping down from the role next year. Federico joined Male Champions of Change Global Tech Group in 2019. "We have an in-season business (Net-a-Porter), that is doing extremely well during, let's say, good times. Since then, Federico has continued to anticipate the market and customer trends. 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. 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 …