Italian watchdog fines YNAP more than $5 million
What: Italy’s antitrust agency has fined online fashion retailer YOOX Net-A-Porter (YNAP) 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, dating back 2019-2022.
Why it is important: Reductions on products advertised by online retailers are under close scrutiny.
YNAP said it would appeal against the antitrust agency’s ruling, adding in an emailed comment to Reuters that it had always followed the highest standards of commercial conduct.
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