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Mytheresa, Richemont and Yoox Net-A-Porter
Richemont Lends A Helping Hand For Mytheresa To Acquire Yoox Net-A-Porter
Richemont has come to an agreement for Mytheresa to acquire its online YNAP business, including Net-A-Porter, Mr Porter, Yoox and Outnet brands.
Richemont has had to pay Mytheresa to take trouble child Yoox Net-a-Porter off its hands
Rather than offloading the lossmaking online fashion platform, the Swiss luxury goods group has taken on a 33% share in Mytheresa to take Yoox Net-a-Porter off its hands. But Richemont will retain a significant say in the business.
Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
Richemont has agreed to sell its struggling digital business Yoox Net-a-Porter to online retailer Mytheresa, drawing a line under a failed venture that has cost the Swiss luxury group billions of euros.
Mytheresa Acquires YNAP from Richemont
Mytheresa will hand part of its shares to Richemont, while the off-price divisions, Yoox and The Outnet, will be separated from the luxury business following the acquisition.
Richemont finally offloads Yoox Net-A-Porter to German rival
Richemont has finally struck a deal to offload its troubled online business Yoox Net-A-Porter to Mytheresa in exchange for shares in the German e-commerce company.
Mytheresa To Acquire Yoox Net-a-Porter From Richemont
Mytheresa will be acquiring Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont. The equity deal will see Mytheresa become the new owner of YNAP with a €555 million EUR ($609 million USD) cash position and no financial debt.
Mytheresa frees Richemont from Yoox Net-a-Porter
The rumors had been circulating for a while, but now it’s official: Mytheresa wants to acquire industry peer Yoox Net-a-Porter from Richemont. This will create a “leading, global, multi-brand digital luxury group”,
Mytheresa Acquires Yoox Net-a-Porter
Luxury e-tailer Mytheresa has successfully acquired the entirety of competing platform Yoox Net-a-Porter (YNAP) from its former owner Richemont in a €555 million cash and no-financial-debt deal. In exchange for 100% of YNAP,
voguebusiness
1d
YNAP’s off-price division is in free fall. Can Mytheresa save it?
Mytheresa is planning on creating a separate infrastructure for off-price sites Yoox and The Outnet. Analysts say it’s a ...
Retail TouchPoints
2d
Mytheresa Acquires Yoox Net-a-Porter to Create ‘Global, Multi-Brand Digital Luxury Group’
Mytheresa has entered into a binding agreement with Richemont to acquire the
Yoox
Net-a-Porter (
YNAP
) business and create ...
2d
on MSN
Richemont to Sell e-Commerce Business YNAP to Mytheresa
Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and ...
2d
on MSN
What's Going On With MYT Netherlands Shares Monday?
MYT Netherlands Parent B.V., also known as Mytheresa, stock is trading higher after it entered into a binding agreement with ...
1d
Mytheresa Acquires YNAP, Expands Luxury Empire
MYT Netherlands (MYTE) has released an update. MYT Netherlands Parent B.V., commonly known as Mytheresa, has struck a deal to ...
2d
on MSN
Michael Kliger on What's Ahead for YNAP Under Mytheresa Ownership and Why YNAP Floundered
Mytheresa's CEO says back-of-the-house integration of Yoox Net-a-porter will increase profitability and reduce complexities.
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