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Full year revenue soars at YNAP

Full year revenue at luxury ecommerce giant Yoox Net a Porter Group (YNAP) soared by 16.9% to €2.1bn (£1.8bn), up from €1.9bn (£1.6bn) in 2016.

Net revenue at the group’s in-season multi-brand etailers Net-a-Porter and Mr Porter grew by 18.3%, and by 14.9% at off-season specialists The Outnet and Yoox.

YNAP pointed to a strong performance from Mr P, Mr Porter’s own label which launched in November, describing it as one of the retailer’s most successful brand launches to date.

During the year the group also launched Alaïa on Net-a-Porter and rolled out its personal shopping service to New York and Hong Kong.

 

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