
Kering, owner of brands including Gucci, is reportedly believed to tighten its grip on its e-commerce operations, focusing on its own branded sites to sell its luxury products or ventures where it can control its image and client data.
After shifting into online shopping later than more accessible fashion labels, many luxury groups are now investing heavily in e-commerce while working on ways of retaining as much control of distribution and pricing as possible - two elements that help them maintain their aura of elitism.
Kering had already said it would wrest back control of web operations for brands such as Balenciaga and Alexander McQueen which had been developed by Yoox Net-A-Porter (YNAP) - an online retailer now fully owned by the group's rival Richemont.
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That joint venture with YNAP will take now end in the second quarter of next year, Kering's digital officer Gregory Boutte explained on the sidelines of a group investor day.
Seeking to boost sales and margins, the company is also looking to turn more of its collaborations with third-party, multi-brand retailers such as Farfetch or Matchesfashion.com into what it calls online concessions, where it controls everything from the product assortment to their presentation.
Kering, whose rivals also investing in e-commerce including Louis Vuitton owner LVMH, did not disclose how much it was spending on expanding these operations.