Richemont to Sell e-Commerce Business YNAP to Mytheresa
WEB14 hours ago · News of the deal with Mytheresa comes after Richemont said in December last year that a previous attempt to sell YNAP fell apart after British-Portuguese online luxury marketplace Farfetch, which ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB17 hours 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 ...
MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …
WEB17 hours 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 …
Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
WEB18 hours 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. ... Reuters, the news ...
Mytheresa to acquire Yoox Net-a-Porter from Richemont
WEB17 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 will …
Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa
WEB17 hours ago · 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 Mytheresa, which ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa
WEB16 hours 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 ...
MYT Netherlands Parent B.V. (“Mytheresa”) and ... - Business Wire
WEB19 hours 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 ...
Mytheresa Acquires Yoox Net-a-porter from Richemont - Yahoo …
WEB17 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.
Mytheresa Acquires Yoox Net-a-Porter - Fashionista
WEB9 hours ago · 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 ...
- Some results have been removed