Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
WEB16 hours ago · ZURICH, Oct 7 (Reuters) - Cartier owner Richemont (CFR.S), opens new tab has agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to Mytheresa (0FVy.MU), opens new ...
Mytheresa Acquires Yoox Net-a-porter from Richemont - Yahoo …
WEB15 hours ago · Citi’s Thomas Chauvet said the 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 YNAP package.
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB12 hours ago · Richemont said Monday that it expects to take a 1.3 billion-euro ($1.43 billion) hit as a result of the deal, under which it will sell YNAP with 555 million euros in cash and no debt in exchange ...
Richemont Finally Offloads Yoox Net-A-Porter to German Rival
WEB15 hours ago · Richemont has finally struck a deal to offload its troubled online business Yoox Net-A-Porter to Mytheresa in exchange for shares in the German e-commerce company. The deal, which comes 10 months ...
MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …
WEB3 days ago · Press releases & news. Mytheresa to acquire YOOX NET-A-PORTER. 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 exchange for a 33% equity stake in Mytheresa ... Richemont to provide a €100m revolving ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB15 hours ago · By Andrea Figueras. Cartier owner Richemont agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, nearly a year after it scrapped a ...
Press releases and news | Media - Richemont
WEB3 days ago · Jaeger-LeCoultre opens a new Flagship Boutique in the heart of Beijing. Read more
Richemont shares climb 6% on record full-year sales, new CEO
WEBMay 17, 2024 · Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales. The Cartier owner said group sales rose 3% to an all-time high of 20.6 billion...
Mytheresa to acquire Yoox Net-a-Porter from Richemont
WEB15 hours 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 …
LVMH’s Bernard Arnault emerges as personal stakeholder in Richemont
WEBJun 25, 2024 · Bernard Arnault, the billionaire founder of luxury goods group LVMH, has bought shares in Richemont, the rival Swiss-based conglomerate behind high-end jeweller Cartier. The stake is too small to...