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Mytheresa acquires Yoox Net-a-Porter
Richemont to Sell YNAP to Mytheresa
Cartier owner Richemont agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa.
Mytheresa To Acquire Yoox Net-a-Porter From Richemont
Mytheresa will be acquiring Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont. The equity deal will see Mytheresa become the new owner of YNAP with a €555 million EUR ($609 million USD) cash position and no financial debt.
Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
Richemont has agreed to sell its struggling digital business Yoox Net-a-Porter to online retailer Mytheresa, drawing a line under a failed venture that has cost the Swiss luxury group billions of euros.
Retail TouchPoints
3h
Mytheresa Acquires Yoox Net-a-Porter to Create ‘Global, Multi-Brand Digital Luxury Group’
Mytheresa
has entered into a binding agreement with Richemont to acquire the Yoox Net-a-Porter (YNAP) business and create a ...
Footwear News on MSN
5h
Nicky Hilton Celebrates Her Rebecca Vallance Holiday Collection at Mytheresa Cocktail Party
Mytheresa hosted a cocktail party celebrating the launch of the Nicky Hilton for Rebecca Vallance Holiday Collection, held at ...
5h
Mytheresa's Black Friday Sale Goes Viral Every Year For A Reason
Black Friday sale is coming soon, with some of the hottest designer items set to be reduced by up to 80%. Here's what ELLE ...
8h
Heard on the Street: Cartier’s Owner Pays For an Expensive Digital Detox
The final bill has arrived for Richemont’s 14-year online shopping spree: $4.2 billion of write-downs. Cartier’s Swiss owner ...
3d
on MSN
Mytheresa Seen Nearing a Deal for YNAP
Sources are buzzing that luxury e-commerce site Mytheresa is closing in on an acquisition of the troubled Yoox Net-a-porter e ...
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Richemont
Yoox
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