Richemont sells Yoox Net-A-Porter for $610M | Fashion Dive

Oct 7, 2024 · 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 exchange, …

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

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Oct 7, 2024 · 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 exchange, …

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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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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 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 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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Net-A-Porter Group Sold To Rival - LinkedIn

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Oct 7, 2024 · 2w Edited. Richemont is selling its YOOX NET-A-PORTER business to rival luxury e-commerce business Mytheresa for about $610 million. The deal will also give Richemont a …

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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. Read more from Laurel …

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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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Up to 3% cash back · Teddy Bear Icon oversized wool, alpaca and silk-blend coat. $4,290. TOTEME. + NET SUSTAIN Signature wool-blend coat. $1,490. NET SUSTAIN. TOTEME. …

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FAQs about Richemont sells Yoox Net-A-Porter for $610M | Fashion Dive Coupon?

Did Richemont sell Yoox Net-a-porter?

(Bloomberg) -- Richemont agreed to offload its troubled online fashion business Yoox Net-A-Porter to Mytheresa in exchange for shares in the German e-commerce company. The deal, which comes 10 months after a previous plan to sell YNAP to rival Farfetch Ltd. collapsed, will see no cash change hands. ...

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. ...

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

REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights ZURICH, Dec 18 (Reuters) - Cartier-owner Richemont (CFR.S) on Monday said it had scrapped an agreement to sell part of its online fashion and accessories business Yoox Net-A-Porter (YNAP) to online luxury retailer Farfetch (FTCH.N) Holdings. ...

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. ...

Did Cartier sell Yoox Net-a-porter to Farfetch holdings?

Cartier-owner Richemont on Monday said it had scrapped an agreement to sell part of its online fashion and accessories business Yoox Net-A-Porter (YNAP) to online luxury retailer Farfetch Holdings. ...