LuxExperience B.V., the digital, multi-brand luxury group, has provided an update on planned measures as part of its overall transformation plan following the acquisition of YNAP in April 2025. LuxExperience anticipates that significant efficiencies and structural improvements can be achieved by simplifying the business and using shared infrastructure where appropriate.
To serve customers better and more efficiently, select operational and administrative structures within the luxury segment comprising NET-A-PORTER and MR PORTER as well as the off-price segment comprising YOOX and THE OUTNET in Italy, the United Kingdom, the United States and other jurisdictions, will be consolidated.
LuxExperience expects that this move will result in a reduction of the workforce across several sites, and may affect some 700 employees across Italy, the United Kingdom, the United States and other jurisdictions, subject to the completion of applicable information and consultation processes.
LuxExperience says that it ‘remains fully committed to Italy and the United Kingdom as the respective headquarters of its newly acquired store brands’. Italy will remain a long-term operational hub for LuxExperience and the headquarters for off-price pioneer YOOX, while NET-A-PORTER, MR PORTER and THE OUTNET will remain headquartered in the United Kingdom.
LuxExperience adds that it is committed to supporting all affected employees by seeking responsible and constructive solutions and reducing the social impact as much as possible in line with local legal requirements. It says that it deeply appreciates the contributions of all potentially affected employees and recognises their role in building the legacy of the iconic brands. All relevant stakeholders and employee representatives are being notified in accordance with applicable regulations, with the goal of managing this transition with fairness, care, respect, and a strong sense of responsibility.
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