MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …
WEB2 days ago · At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments, in exchange for shares to be issued by Mytheresa representing 33% of Mytheresa’s fully diluted [1] share capital at closing following issuance of …
Mytheresa Acquires Yoox Net-a-porter From Richemont - Yahoo …
WEB2 days ago · Citi’s Thomas Chauvet said the Mytheresa news should be taken “positively” despite Richemont’s write-down of 1.3 billion euros, including the 550 million euros in cash which is part of the ...
Richemont offloads online retailer Yoox Net-A-Porter to Mytheresa
WEB2 days ago · Mytheresa will get YNAP's 555 million euro ($608.50 million) cash pile without any financial debt, as well as a revolving credit facility of 100 million euros from Richemont.
Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
WEB2 days ago · Richemont will transfer the entire share capital of lossmaking YNAP to Mytheresa with a cash position of €555mn and no financial debt, the companies said on Monday. It will also provide YNAP ...
Mytheresa to acquire Yoox Net-a-Porter from Richemont
WEB2 days ago · Mytheresa has entered into a binding agreement to acquire 100 per cent of Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont, the companies confirmed on Monday. It sent the Mytheresa share price up 7.75 per cent on Monday morning while the Richemont price was up 1.1 per cent. Richemont …
MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …
WEB2 days ago · At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments, in exchange for shares to be issued ...
Richemont Lends A Helping Hand For Mytheresa To Acquire …
WEB17 hours ago · Richemont is a highly motivated seller since Mytheresa will pay no cash in the deal. Instead, Mytheresa will issue Richemont 33% of Mytheresa’s fully diluted share capital and a board seat while ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB2 days ago · Richemont said Monday that it expects to book a 1.3 billion-euro ($1.43 billion) hit as a result of the deal, under which it will transfer YNAP with 555 million in cash and no debt to Mytheresa ...
Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
WEB2 days ago · ZURICH (Reuters) -Cartier owner Richemont has agreed to sell its loss-making Yoox Net-A-Porter online fashion and accessories business to Mytheresa, ending the search for a new owner after the collapse of a previous deal last year. Richemont will take a 33% stake in German luxury fashion platform Mytheresa in exchange for 100% of the share capital of YNAP, the Swiss group said on Monday ...
Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa (1)
WEB2 days ago · Andy Hoffman. 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. Instead, Richemont will take a 33% stake in ...