THE WHAT? Farfetch and Alabbar are set to acquire a 47.5 percent and 3.2 percent stake, respectively, in Yoox Net-a-Porter (YNAP), which will make YNAP a neutral platform with no controlling shareholder.
THE DETAILS The partnership will also see Richemont and YNAP each adopting Farfetch Platform Solutions, with the 47.5 percent share acquisition by Farfetch expected to be accounted for as a non-controlling stake, which will not require it to consolidate YNAP in this stage.
Alabbar, Richemont and YNAP’s longstanding partner in the Gulf States will become a shareholder in YNAP, alongside Richemont and Farfetch. Alabbar will acquire a 3.2% interest in YNAP in exchange for its shares in the joint venture with YNAP in the Gulf Cooperation Council region.
THE WHY? According to a press release, the partnership represents a ‘significant step in achieving Richemont’s vision of making YNAP a neutral industry-wide platform, and, through a put and call option mechanism lays a path towards Farfetch potentially acquiring the remaining shares in YNAP, bringing together these highly complementary businesses.’
The partnership also marks a step change in Richemont Maisons’ omnichannel distribution capabilities.
Injectable aesthetics are popular due to their ability to provide noticeable results with minimal downtime compared to surgical procedures. They are versatile and can be tailored to meet individual aesthetic goals, whether it's enhancing lips, restoring facial volume, or smoothing out wrinkles. However, they should always be administered by qualified professionals to ensure safety and achieve optimal results.
Injectable aesthetics are used to enhance facial features, reduce the signs of aging, and improve overall facial symmetry and appearance.
Key types of injectable aesthetics include:
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Dermal Fillers: These injectables are used to add volume, fill in wrinkles and folds, and enhance facial contours. They often contain substances like hyaluronic acid, collagen, or calcium hydroxylapatite, which help plump up the skin and smooth out fine lines and wrinkles.
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Botulinum Toxin (Botox): Botulinum toxin injections temporarily relax facial muscles that cause wrinkles and lines to form. It is commonly used to treat forehead lines, frown lines between the eyebrows, and crow's feet around the eyes.
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Collagen Stimulators: These injectables stimulate the body's own collagen production, helping to improve skin texture and firmness over time. Examples include poly-L-lactic acid (Sculptra) and calcium hydroxylapatite (Radiesse).
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Neurotoxin Injections: Besides Botox, other neurotoxins such as Dysport and Xeomin are used similarly to reduce wrinkles and lines.
