Online retailer YNAP get’s fined more than $5 million

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Reuters API Fashion

Published



Jan 16, 2023

Italy’s antitrust agency has fined online fashion retailer YOOX Net-A-Porter 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, the regulator said on Friday.

Yoox Net-a-porter – Shutterstock

The retailer advertised reductions on products on which the final sale price was “substantially the same” as the pre-discount price and blocked orders from customers who had previously returned more than a certain amount of purchases, the regulator said in a statement.

YNAP did not immediately respond to an emailed request for comment.

The regulator said the violations took place between 2019-2022.

The business was controlled by Swiss luxury group Richemont until last year, when it sold a majority stake to luxury e-commerce specialist Farfetch and Dubai Mall developer Mohamed Alabbar. 

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