MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …

Oct 7, 2024 · MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand …

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Mytheresa Snaps Up Yoox Net-a-Porter From Richemont

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Oct 7, 2024 · Mytheresa has bought premium online retailer Yoox Net-a-Porter (YNAP) from Richemont. Under the deal, Swiss luxury group Richemont will sell 100% of the share capital …

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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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Mytheresa Snaps Up Yoox Net-a-Porter From Richemont

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Oct 8, 2024 · MYT Netherlands Parent B.V. (Mytheresa) and Richemont announced that they have entered into binding agreements for the acquisition of 100% of the share capital of Yoox …

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Mytheresa Acquires Yoox Net-a-Porter From Richemont In Equity …

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Oct 7, 2024 · Richemont reported a six-month loss of €0.7 billion for its “discontinued operations” unit comprising Yoox Net-a-Porter (YNAP), citing continued operating losses and a €0.6 billion …

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Richemont Offloads Yoox Net-A-Porter To Germany’s Mytheresa

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Oct 7, 2024 · Richemont, the Swiss owner of Cartier and other fashion, jewelry and watch brands, said it will have to take another writedown of €1.3 billion ($1.4 billion) on YNAP, which never …

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Richemont Demonstrates Sustained Resilience For The Six-month …

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Nov 8, 2024 · YOOX-NET-A-PORTER (‘YNAP’) On 7 October, Richemont announced that it had entered into binding agreements for the acquisition of 100% of the share capital of YNAP by …

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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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Mytheresa To Acquire Yoox Net-a-Porter Group From Richemont

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Oct 8, 2024 · Mytheresa will get YNAP’s EUR 555 million cash pile without any financial debt, in addition to a a revolving credit facility of EUR 100 million from Richemont. The results of this merger saw 7 .75% growth for the Mytheresa share while Richemont grew 1.1%. Last year, YNAP, had suffered a EUR 1.46 billion loss after a big write-down and a 14% ...

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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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FAQs about MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign … Coupon?

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. ...

Is MyTheresa considering a bid for Yoox Net-a-porter?

Mytheresa, a Germany-based luxury online retailer listed in New York, declined to comment on whether it was considering a bid for Yoox Net-a-Porter. However it added: “Mytheresa is constantly evaluating opportunities to grow our business, which may include M&A activities from time to time.” ...

Will net-a-porter & Mr Porter be integrated into MyTheresa's new tech platform?

Net-a-Porter and Mr. Porter, both of which Beer said are profitable, will be integrated onto Mytheresa’s newly-built proprietary tech platform, a move the company says will solve back-end problems that have plagued the businesses. ...