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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 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 snaps up Yoox Net-a-Porter from Richemont
Mytheresa, Net-a-Porter and Mr Porter will form YNAP’s luxury division, while Yoox and The Outnet will be run separately, and YNAP’s white label division discontinued
Mytheresa acquires Yoox Net-a-Porter; exclusive case study
As Mytheresa signs an equity deal to acquire Yoox Net-a-Porter (YNAP) from Richemont, the Europe Luxury 2024 report looks at Mytheresa’s growth from a single boutique in Munich to one of Europe’s leading online luxury retailers.
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.
Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
ZURICH (Reuters) -Cartier owner Richemont has agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to Mytheresa, ending the search for a new owner of loss-making YNAP after the collapse of a previous deal last year.
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”,
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.
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
20h
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 a ...
2d
on MSN
Richemont to Sell YNAP to Mytheresa
Cartier owner Richemont agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa.
Daily Front Row
1d
MyTheresa Acquires Net-A-Porter, Jacob Elordi Poses For Bottega Veneta, Plus! Gap’s New Collab…
From MyTheresa's new acquisition, Jacob Elordi's Bottega Veneta campaign, and more lead today's chic news report.
2d
Mytheresa Acquires Yoox Net-a-porter From Richemont
Michael Kliger, CEO of Mytheresa, said the deal will transform the e-commerce platform into a "pre-eminent, multibrand, ...
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