By  on November 25, 2019

LONDON — Yoox plans to close its China web site on Feb. 28 as parent Compagnie Financière Richemont looks to consolidate its online offer in the luxury space, via Net-a-porter and Mr Porter.

In China, the focus will be on luxury and on Fengmao, a joint venture between Richemont and Alibaba. Net-a-porter opened its flagship on Alibaba’s business-to-consumer platform Tmall’s Luxury Pavilion on Sept. 30 with a store that marked the start of the new joint venture.

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