Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
WEB2 days ago · In exchange, Richemont will take a 33 per cent stake in Mytheresa. The transaction is expected to close in the first half of 2025. “We are pleased to have found such a good home for YNAP ...
Mytheresa Acquires Yoox Net-a-Porter - Fashionista
WEB1 day ago · 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, then terminating the ...
Richemont offloads online retailer Yoox Net-A-Porter to Mytheresa
WEB2 days ago · ZURICH, Oct 7 (Reuters) - Cartier owner Richemont (CFR.S), opens new tab has agreed to sell its loss-making Yoox Net-A-Porter online fashion and accessories business to Mytheresa (0FVy.MU), opens ...
Mytheresa Acquires Yoox Net-a-porter From Richemont - WWD
WEB2 days ago · October 7, 2024, 2:34am. Michael Kliger, CEO of Mytheresa Courtesy. LONDON – Mytheresa will acquire 100 percent of Yoox Net-a-porter group from Richemont, following widespread market speculation ...
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 will …
Richemont Finally Offloads Yoox Net-A-Porter to German Rival
WEB2 days ago · October 7, 2024 at 3:52 AM EDT. 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 ...
Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa
WEB2 days ago · In this article: CFRUY. (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. Most ...
Why Mytheresa Bought Yoox-Net-a-Porter | BoF - The Business of …
WEB1 day ago · Key insights. Mytheresa’s deal to acquire Yoox-Net-a-Porter is its chance to become the biggest company in luxury e-commerce. But the Germany-based e-tailer has to reverse YNAP’s steady sales decline and carve distinct identities for the two brands. The tie-up could help online luxury return to a sector of differentiated players that don ...
MYT Netherlands Parent B.V. (“Mytheresa”) and ... - Business Wire
WEB2 days ago · 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 digital luxury group in ...
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 ...