Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
WEB13 hours ago · The new group will offer three storefronts for clients: Mytheresa, Net-a-Porter and Mr Porter. Discounters Yoox and The Outnet will be separated out from the luxury division.
Mytheresa to acquire Yoox Net-a-Porter from Richemont
WEB20 hours ago · Mytheresa to acquire Yoox Net-a-Porter from Richemont. Mytheresa said it aims to create a ‘digital luxury group worldwide’ as the e-commerce sector further consolidates. Richemont will own a 33 per cent stake in Mytheresa when the deal closes. By Laure Guilbault. October 7, 2024.
Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa
WEB12 hours ago · In this article: (Bloomberg) -- 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 ...
Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
WEB14 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 ...
Richemont Finally Offloads Yoox Net-A-Porter to German Rival
WEB13 hours ago · 1:44. 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 ...
MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …
WEB14 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 ...
MYT Netherlands Parent B.V. (“Mytheresa”) and ... - Business Wire
WEB14 hours 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 ...
Mytheresa to Acquire Yoox Net-a-Porter From Richemont
WEB13 hours ago · 07 October 2024. Mytheresa has signed an equity deal to acquire luxury e-tail giant Yoox Net-a-Porter (YNAP) from Richemont. Under the terms of the transaction, Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt. Richemont will take a 33 percent stake in Mytheresa. “With this transaction, Mytheresa ...
Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa (1)
WEB12 hours 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 ...
Online retailer Mytheresa among suitors for Yoox Net-a-Porter
WEBApr 2, 2024 · Luxury online retailer Mytheresa is among potential bidders to buy lossmaking ecommerce business Yoox Net-a-Porter from Swiss luxury group Richemont.