YNAP, which is owned by Swiss luxury group Richemont, operates both the luxury e-commerce websites Net-a-Porter and Mr Porter as well as the off-season discounter Yoox. While no official statement has been released, it is thought executives are aligning with international sanctions, which also make payment processing challenging.
Vogue Ukraine in an Instagram post on Tuesday said it demands an embargo on luxury goods exported to Russia. The full statement reads:
“In the wake of unprecedented military aggression from the Russian Federation and the growing humanitarian crisis in Ukraine Vogue UA urges all international fashion and luxury conglomerates and companies to cease any collaborations on the aggressor’s market effective immediately….