[11], Marchetti is an art collector, with paintings from artists including Ettore Sottsass, Franz West, Yoshitomo Nara, Mark Kostabi, Andy Warhol,[12] Lucian Freud, and Francesco Vezzoli. [4], He came upon the idea of combining the “exclusive” nature of luxury fashion with the full “accessibility” of the Internet. You need to be a subscriber to join the conversation. If the brand sold out of all size small sweaters last year, it only knows how many sold — not how many it would have sold if it had stocked more. “When we listed, all anyone was talking about was luxury flash sale site Gilt Groupe. Last week the enlarged company announced that sales jumped by 17.7pc last year to €1.8bn. “Players like Farfetch and YNAP have built a significant… consumer base, they provide the convenience of finding many brands under one (digital) roof, loyal customers acquire status and secure perks by concentrating their spend on them,” he wrote in a note to investors on 7 June. “I don't believe that you need to have a Gucci bag in 90 minutes because it's not milk for your child,” Marchetti says, referencing MatchesFashion.com’s and Farfetch’s 90-minute delivery service in select cities. It’s also increasing its assortment of high-value items such as jewellery and watches, which began in 2016 but is accelerating since the Richemont acquisition. “If you are a luxury brand — I know I shouldn't say it — you need to be on Net-a-Porter and Mr Porter,” he says with a grin. Marchetti graduated from Bocconi University in 1993 with a degree in Economics. With childlike wonder, accentuated by deep dimples and twinkling beady eyes framed with dark, round spectacles, Marchetti boasts about ticking off another childhood dream: the previous night, he was celebrating an exclusive partnership between Disney and Yoox. Sehen Sie sich das Profil von Stefano Marchetti auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Months later came the spectacular implosion of LVMH-backed online fashion retailer Boo.com, which became the poster child of the dotcom boom and bust. Interporto captures 15,000 images a day for The Outnet and Yoox, much of it automated. “I thought that from a customer point of view, to buy a Valentino gown for €30,000 probably could be coupled with a Cartier watch,” Marchetti says. “This is like the holy grail of retail, but behind the scenes, it is a super complex thing to accomplish,” Marchetti says. [7] In 2010, YOOX Group opened its first offices in China in the city of Shanghai, opening its first mono-brand site there, www.emporioarmani.cn. I also think polo-necks are rather elegant,” he adds. This article has been updated to include new information from Yoox Net-a-Porter about the automated warehouse. The founder and boss of the world’s largest online luxury fashion retailer, Yoox Net-a-Porter, whispers in his Milanese office that his next frontier involves “this idea …something practical, with astronauts and the moon. This article has been updated to include new information from Yoox Net-a-Porter about the automated warehouse. In order to keep striding beyond its rivals, the company is constantly ramping up its investment in facilities, including a fully robotic, low-oxygen warehouse that will require the occasional human worker to undergo altitude training. As of 2017, YNAP is the world’s largest multi-brand luxury retailer by revenue with 5,300 employees, two online department stores (Net-a-Porter, Mr Porter), two off-price channels (Yoox, The Outnet) and an Online Flagship division that powers e-commerce for 30 brands including Moncler and The Row. She and her team are focused on integrating data into all levels of the business, enabling its systems and 5,300 employees to make better, faster decisions; to develop more personal, relevant experiences for shoppers; to retain customers and to grow the top line. "We sit on a gold mine of data,” says Marchetti. Our luxury shoppers tend to be immune, they were worried for a bit and then thought, 'I’m going to buy Prada bag, who cares’.”, As well as a major push into the Middle East thanks to a joint-venture with Dubai-based tycoon Mohamed Alabbar, Yoox Net-a-Porter is focusing on “EIPs” – extremely important people. Another youthful dream was to work at Disney in cartoons, he reveals. Guarda il profilo completo su LinkedIn e scopri i collegamenti di Rolando e le offerte di lavoro presso aziende simili. Federico has 2 jobs listed on their profile. Sehen Sie sich das Profil von Gionni Marchetti auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. “Therefore I think that same-day delivery is absolutely what we aim for for our customers.”. Opposites attract: from Bambi to Alice in Wonderland or Donald Duck, find the coolest collections inspired by Disney Classics on YOOX. The central logistics hub for Yoox, The Outnet and the Online Flagship division is Interporto, a seven-building complex in Bologna where inventory is tagged, photographed, uploaded to product pages, stored and packaged — a process that can be completed in a matter of days. In 1998 he moved to New York City to pursue graduate studies, and received an MBA from Columbia University and following a brief career in finance and consulting, he created the Internet retailing company in 2000 in Zola Predosa. Thus, predictive models can try to account for the latent demand — the missed opportunity — in buying even more size small sweaters. A previous version of this article left out his chairman title. Erfahren Sie mehr über die Kontakte von Gionni Marchetti und über Jobs bei ähnlichen Unternehmen. “We are too busy, we can’t take 10 minutes to decide which shirt or which tie to wear. Visualizza il profilo di Rolando Marchetti su LinkedIn, la più grande comunità professionale al mondo. It was something between her and Richemont, and I negotiated with the owner – you don’t negotiate with someone who doesn’t own the company,” he says, his eyes flashing with an intensity that momentarily sees his playfulness dissipate. Federico ha indicato 2 esperienze lavorative sul suo profilo. This will be further complemented by a unified checkout that works across the sites of YNAP and its white-label clients. [17] He received the America Award of the Italy-USA Foundation in 2018. Before the merger, Marchetti had described the duel between the online rivals as akin to the battle between Pepsi and Coke. Additional customer-centric tools are on the way, including an image-recognition function that will allow users to shop from a photo captured on their smartphones, natural language search, virtual personal styling and search results tailored to a shopper’s size and location. Yoox Net-a-Porter CEO Federico Marchetti trademarked the term "enter-tailer" to describe his role and the company. View Federico Marchetti’s profile on LinkedIn, the world's largest professional community. Visualizza il profilo di Federico Le Divelec su LinkedIn, la più grande comunità professionale al mondo. Upstairs, in Marchetti’s otherwise gleamingly white office, hang theatrical, scarlet velvet curtains, inspired by his love of Fellini. [10] In 2016, YOOX Net-A-Porter Group and Symphony, an entity controlled by Mohamed Alabbar’s family, established a joint venture  to create a platform for online luxury retail for the Middle East. But he’s no longer running a startup. But while Net-a-Porter and its founder Natalie Massenet were household names in the UK – synonymous with gloss and glamour – Yoox and Marchetti were not. “I understand the interest in Natalie, but  I’m looking at the future. Back on planet earth, Marchetti takes care of the rest of his business from his glassy office in Navigli, Italy’s version of east London’s Shoreditch. Erfahren Sie mehr über die Kontakte von Stefano Marchetti und über Jobs bei ähnlichen Unternehmen. He claims the y and x represent male and female chromosomes in DNA and the two o’s are down to computing binary code. Eventually, fulfilment for Net-a-Porter and Mr Porter, which is now in London, is being migrated to a separate site near Milan. For a man who has made his millions from being light years ahead of the rest of the fashion crowd, it’s only mildly surprising that Federico Marchetti has now set his sights on the moon. But ultimately, it’s up to the personal shoppers to make recommendations. [4] While at Columbia, he made the decision to leave the banking industry and become an entrepreneur,[5] however, after receiving his degree, he took a job with Bain & Company in Milan after attempting to find a position in the American entertainment industry. “There’s many short stories in our industry and I know we are building this company to last. “Our timing has been interesting all along the way,” Marchetti concedes. Read our community guidelines in full, Federico Marchetti, the chief executive of Yoox Net-a-Porter, Yoox sells designer end-of-season fashion online, Natalie Massenet abruptly quit Net-a-Porter before the takeover deal closed. “[We have] 3 million high spenders around the world who we can serve through data better and better and better through personalisation.”. 3 Jobs sind im Profil von Federico Marchetti aufgelistet. Federico ha indicato 5 esperienze lavorative sul suo profilo. Become a Member today and enjoy Advanced Member access until 2 November. [8] In 2012, YOOX Group partnered with Kering Group and the two established a joint venture that manages the mono-brand online stores of Kering’s luxury brands: Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Sergio Rossi, Stella McCartney and Brioni.