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 Acquires Yoox Net-A-Porter From Richemont

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Oct 7, 2024 · In exchange, Richemont will take a 33% stake in Mytheresa. The deal is expected to complete in H1 2025. Following the transaction, Mytheresa plans to intergrade YNAP's luxury …

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

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Oct 8, 2024 · Richemont will also hold a 33% stake in the German luxury fashion platform Mytheresa in exchange for the share capital of YNAP, the Swiss group said on Monday. …

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Mytheresa To Acquire Yoox Net-a-Porter From Richemont

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Oct 7, 2024 · 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 …

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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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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 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. ...

Will MyTheresa separate net-a-porter & Mr Porter from Yoox?

Mytheresa plans to separate the profitable Net-A-Porter and Mr Porter businesses from the loss-making Yoox operation, which concentrates on discounted fashion and needs a lower cost and less complicated operating model, CEO Michael Kliger told reporters. "This is a lot of work. ...

What does the Yoox Net-a-porter deal mean for e-tailers?

Here's what the deal means for the businesses involved. 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, Richemont will receive a 33% equity stake in Mytheresa. ...

Does MyTheresa still sell Yoox & YNAP?

Mytheresa also plans to separate the off-price division — comprising Yoox and The Outnet — from the luxury division and to discontinue YNAP's white label division once the online stores it powers migrate to alternative platforms. ...

Is YNAP a competitor to YOOX & Net-a-porter?

YNAP is the parent of Yoox and Net-a-porter, both competitors to Mytheresa. Munich-based Mytheresa, which is listed on the New York Stock Exchange, is a leader in selling designer and upscale fashion online. The company is on more stable footing than Yoox or Net-a-porter and has managed to transcend the malaise permeating much of the luxury sector. ...

How will net-a-Porter & MyTheresa merge?

The deal will create three luxury e-commerce storefronts for the combined group: Mytheresa, Net-a-Porter and Mr. Porter. In doing so, it will expand Mytheresa’s depth and reach, Kliger said, highlighting the complementarity of Mytheresa’s ultra-luxe positioning and Net-a-Porter’s more accessible range. ...