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Federico Marchetti was born in 1969 and raised in Ravenna, Italy. “So I work it as a startup.”. “My main concern is — I do not want this company to ever become bureaucratic, because speed and agility is one of the most important DNAs of this company,” Marchetti says from his Milan office, days before he’s set to embark on a company-wide roadshow to share his three-year strategic plan. “We are so big it’s not such a big problem if the competition is making €200m, we make €2bn.”. The inauspicious timing didn’t matter, nor did his decision to float Yoox on Borsa Italiana in 2009 – the only Italian company to brave a stock market listing during the nadir of the financial crisis that ravaged the country’s economy. It is almost a year since the deal closed and last week Marchetti and 40 of his team were holed up in Pennyhill Park, Surrey, checking on the strategy.

Federico ha indicato 2 esperienze lavorative sul suo profilo. “We are too busy, we can’t take 10 minutes to decide which shirt or which tie to wear. [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.
Federico’s education is listed on their profile. “We have faced Brexit, Trump and the Italian election and each time we have had a shock – boom”, he says, his hand gesturing the fall off a cliff. The company is working to integrate data into every part of the business by developing predictive models and interfaces to bolster the performance of its buyers and personal shoppers. Guarda il profilo completo su LinkedIn e scopri i collegamenti di Federico e le offerte di lavoro presso aziende simili. This article has been updated to include new information from Yoox Net-a-Porter about the automated warehouse. Es gibt 100+ Personen namens „Paolo Marchetti“, die LinkedIn zum Austausch von Informationen, Ideen und Karrierechancen nutzen.

The company has also been among the first to integrate Instagram Checkout, and made WhatsApp a core part of its personal shopping operation. 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.

Before starting Yoox, the 47-year old, who grew up by the seaside in Ravenna, sent his CV to Paramount Pictures with the hope of becoming a film producer. [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. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. He expects YNAP will do much better. Marchetti is similarly philosophical about the shock departure of Massenet, who abruptly quit a month before the Net-a-Porter takeover was completed.

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. However, it is highly unlikely that Marchetti would be caught wearing anything resembling a Mickey Mouse outfit.

Federico Marchetti M archetti, the son of a Fiat car manufacturer and telephone operator, counts film as a rival to his obsession with fashion. A new, fully automated warehouse at Interporto is 100 per cent operational. You need to be a subscriber to join the conversation. Guarda il profilo completo su LinkedIn e scopri i collegamenti di Rolando e le offerte di lavoro presso aziende simili. To further take advantage of this newly integrated ecosystem, YNAP is developing a single checkout that would work across YNAP’s websites, and the websites of its Online Flagship partners — a capability YNAP’s competitors don’t currently offer. [17] He received the America Award of the Italy-USA Foundation in 2018. Clarification: Federico Marchetti is CEO and chairman of Yoox Net-a-Porter Group. Around 330 of Yoox’s 4,000 employees are based at the former Milanese warehouse which has been converted into a minimalist sanctuary dedicated to the power of online retail.
Marchetti founded Yoox in Milan in 2000 with the idea that he could convince high-end designers to sell their end-of-season wares for a discount online. In one of the biggest fashion e-commerce deals of 2015, Marchetti and Johan Rupert, chairman of Richemont, announced a merger between Yoox and Net-a-Porter at the end of March 2015.

Four years after Yoox merged with Net-a-Porter, the Richemont-owned e-tailer has global scale and decades of data. Over the past few years, YNAP has completely overhauled its logistics networks to make all of its inventory available globally. Marchetti graduated from Bocconi University in 1993 with a degree in Economics. I can’t say any more than that”. “I understand the interest in Natalie, but  I’m looking at the future. This technology allows customers to seamlessly shop a brand’s inventory wherever it is available — whether on a brand’s website, in one of its stores or a YNAP website. The group has eight local logistics hubs (in London, New York, LA, Dubai, Shanghai, Tokyo, Hong Kong and Milan) that provide proximity to customers and the ability to react quickly to fast-moving items. [15] On 25 January 2012, Marchetti and YOOX Group were awarded the Comitato Leonardo's Premio Leonardo award for innovation by Giorgio Napolitano, President of Italy. Rival Farfetch now has a market cap of $6 billion and, according to analysts, is growing faster. Gilt, Gilt, Gilt, Gilt, Gilt,” he says, rolling his eyes. “And then within a week, 10 days, our sales come back to where they were.

He then quit his consulting job,[6] and after cold-calling venture capitalist Elserino Piol, who gave Machetti 4.5 million euros in funding in March 2000 in exchange for 35% of the company,[4] he created the Internet retailing company YOOX. I feel we can make it on budget, on time and at the end we will have a new machine, we will have a Ferrari.”. View Federico Marchetti’s profile on LinkedIn, the world's largest professional community. He began his collection in the early 1990s soon after he graduated. A previous version of this article left out his chairman title. 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. The “omnistock” system allows the company to relocate inventory on demand, leading to fewer overstocks and out-of-stocks. Become a Member today and enjoy Advanced Member access until 2 November. I can’t say, because she left before everything got started. “Is it easier to do the integration without Natalie? Before the merger, Marchetti had described the duel between the online rivals as akin to the battle between Pepsi and Coke. Sehen Sie sich die Profile von Fach- und Führungskräften namens „Paolo Marchetti“ auf LinkedIn an.

Eventually, fulfilment for Net-a-Porter and Mr Porter, which is now in London, is being migrated to a separate site near Milan. Visualizza il profilo di Federico Marchetti su LinkedIn, la più grande comunità professionale al mondo. Large screens mounted on sparse, grey walls flash with real-time sales – a pair of Stella McCartney knickers one moment, a Prada tote the next.

Last week the enlarged company announced that sales jumped by 17.7pc last year to €1.8bn. 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.

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