Online Luxury Retailer Braces for U.K. Import Duties Post Brexit

Online luxury retailer Yoox Net-a-Porter is preparing for the introduction of duties for importing goods to the U.K. from the European Union following the country’s vote to leave the bloc.

“The potential risk has been taken into account starting from 2018,” YNAP Chief Financial Officer Enrico Cavatorta told reporters July 6 before a presentation to investors in London. “We don’t know how the negotiations between the U.K. and the EU authorities will end up.”

The risk of import duties highlights another potential hurdle for companies already grappling with slowing demand and growing economic uncertainty. YNAP, based in Italy, expects the ...