Leading luxury goods manufacturer Compagnie Financiere Richemont is in talks with investors to offload stakes in Yoox Net-a-Porter (YNAP), as the online distributor continues to rake in losses. According to reports, in addition to the outright sale of YNAP, the luxury goods holding is also considering a capital raise of $100 million to bolster the operations of the online distributor. In its 2021 financial year, which ended on March 31, Richemont reported $233 million in losses from its various online distributors, which include YNAP. Since 2019, the online distribution segment has accrued significant losses amounting to $464 million for the Swiss holding. The decision to offload stakes in YNAP came after the company's sales growth and revenue began to lag behind Farfetch and other competitor platforms. Farfetch's recent success is attributed to its unique business model, whereby it does not hold any inventory but rather charges a percentage of sales from the boutiques on its platform.