Swiss Luxury Group Richemont Partners With Alibaba

YOOX NET-A-PORTER (YNAP), owned by Swiss luxury group Richemont, will form a joint venture with Alibaba Group to bring the online luxury retailer’s offerings to Chinese consumers, the companies announced on Friday. The JV will launch a mobile app for the NET-A-PORTER platform and menswear site MR PORTER. The JV will also open flagship stores…