Fashion Dive on LinkedIn: Richemont sells Yoox Net-A-Porter for …

Richemont has sold its YOOX NET-A-PORTER business to Mytheresa in a $610 million deal. The transaction also gives the luxury house a 33% stake in Mytheresa… Fashion Dive on LinkedIn: …

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Fashion Dive On LinkedIn: Richemont Sells Yoox Net-A-Porter For …

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Richemont has sold its YOOX NET-A-PORTER business to Mytheresa in a $610 million deal. The transaction also gives the luxury house a 33% stake in Mytheresa… Fashion Dive on LinkedIn: …

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Richemont Sells Yoox Net-A-Porter For $610M | Fashion Dive

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Oct 7, 2024 · Dive Brief: Richemont will sell Yoox Net-A-Porter to MYT Netherlands Parent B.V., the parent company of Mytheresa, for 555 million euros, or about $610 million at current …

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MYT Netherlands Parent B.V. (“Mytheresa”) And Richemont Sign …

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Oct 7, 2024 · Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments ... About YOOX NET-A-PORTER …

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Mytheresa Acquires Yoox Net-a-Porter - Fashionista

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Oct 7, 2024 · This announcement is the latest in Yoox Net-a-Porter's financial saga, with Richemont originally selling 47.5% of the company to Farfetch for around €1 billion in 2022, …

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Richemont Lends A Helping Hand For Mytheresa To Acquire Yoox …

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Oct 8, 2024 · Mytheresa will instantly more than double in size, adding some $2.3 billion in YNAP’s gross merchandise value – €1.2 billion from Net-A-Porter and Mr Porter and €.9 from …

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Cartier Owner Richemont Takes €2.7bn Hit On Sale Of Ecommerce Unit

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Aug 24, 2022 · Swiss luxury group Richemont has taken a €2.7bn non-cash writedown after selling a majority stake in its unprofitable ecommerce operation Yoox Net-a-Porter to online …

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Merger Of Net-A-Porter With YOOX Completed With A ... - Richemont

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Richemont also holds an investment in YOOX Net-A-Porter Group. For its financial year ended 31 March 2015, Richemont’s net profit amounted to € 1 334 million. Richemont ‘A’ shares are …

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Richemont To Sell 47.5% Of Yoox Net-a-Porter To Farfetch

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Aug 24, 2022 · Richemont is selling 47.5% of Yoox Net-a-Porter to Farfetch in a deal that values YNAP at around €1 billion, materially lower than recent estimates. Analysts and investors …

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Did Richemont sell Yoox Net-a-porter?

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. ...

Will MyTheresa buy Yoox Net-A-PORTER GROUP from Richemont?

LONDON — Mytheresa will acquire 100 percent of Yoox Net-a-porter group from Richemont with the ambition of creating a 4 billion euro online juggernaut in the luxury fashion space. Richemont is selling YNAP to Mytheresa with a cash position of 555 million euros and no financial debt, in exchange for shares. ...

Will Richemont sell Yoox Net-a-porter to Farfetch?

Richemont to sell 47.5 percent of Yoox Net-a-Porter to Farfetch. (Shutterstock) Richemont is selling 47.5% of Yoox Net-a-Porter to Farfetch in a deal that values YNAP at around €1 billion, materially lower than recent estimates. ...

Who owns Yoox Net-a-porter?

Courtesy of Mytheresa. Photo credit: Jorin Koers Mytheresa just struck a deal to acquire Yoox Net-A-Porter (YNAP) from luxury powerhouse Richemont, owner of Cartier, Piaget, Chloé, Montblanc and more. ...

Did Cartier sell Yoox Net-a-porter?

REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights ZURICH, Oct 7 (Reuters) - Cartier owner Richemont (CFR.S) has agreed to sell its loss-making Yoox Net-A-Porter online fashion and accessories business to Mytheresa (0FVy.MU), ending the search for a new owner after the collapse of a previous deal last year. ...

Does Richemont own net-a-porter?

Johann Rupert, Chairman of Richemont said: “Richemont has been a pioneer in luxury e-commerce, first as a minority shareholder of Net-A-Porter in its infancy and then as a controlling shareholder since 2010. ...