Richemont to Sell e-Commerce Business YNAP to Mytheresa
WEB12 hours ago · In its latest earnings report for quarter to June, YNAP reported a 15% decline in sales. News that Richemont finally found a buyer for YNAP should be taken well almost a year after the Farfetch ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB15 hours ago · The news comes after the Swiss luxury group said in December that a previous attempt to sell YNAP fell apart after Farfetch, which was set to buy the business, faced financial difficulties ...
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 Finally Offloads Yoox Net-A-Porter to German Rival
WEB15 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 offloads online retailer Yoox Net-A-Porter to Mytheresa
WEB16 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 ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa
WEB14 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 …
WEB16 hours ago · AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR7 OCTOBER 2024 MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to ...
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 will …
MYT Netherlands Parent B.V. (“Mytheresa”) and ... - Business Wire
WEB16 hours ago · The discontinuation of YNAP’s white label division, once the Richemont Maisons’ online stores powered by YNAP migrate to their own chosen platforms. Michael Kliger, CEO of Mytheresa, said ...
Richemont to Sell E-Commerce Business YNAP to Mytheresa
WEB16 hours ago · The news comes after the Swiss luxury group in December said that it wouldn't complete a planned transaction with Farfetch involving YNAP. "Mytheresa is ideally placed to build on YNAP's assets to ...
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