Online retailer YNAP get’s fined more than $5 million
Reuters API Fashion
Italy’s antitrust agency has fined online fashion retailer YOOX Net-A-Porter 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, the regulator said on Friday.
The retailer advertised reductions on products on which the final sale price was “substantially the same” as the pre-discount price and blocked orders from customers who had previously returned more than a certain amount of purchases, the regulator said in a statement.
The regulator said the violations took place between 2019-2022.
The business was controlled by Swiss luxury group RichemontFarfetch