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Mytheresa acquires Yoox Net-a-Porter
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.
Richemont to Sell e-Commerce Business YNAP to Mytheresa
Cartier owner Richemont agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa.
Mytheresa Acquires Yoox Net-a-porter From Richemont
Michael Kliger, CEO of Mytheresa, said the deal will transform the e-commerce platform into a "pre-eminent, multibrand, digital luxury group" with a potential gross merchandise value of 4 billion euros.
Richemont reaches sale agreement for underperforming YNAP
Richemont has entered a binding agreement with Mytheresa for the acquisition of 100% of the share capital of Yoo-Net-A-Porter (YNAP)
Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
ZURICH (Reuters) -Cartier owner Richemont has agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to Mytheresa, ending the search for a new owner of loss-making YNAP after the collapse of a previous deal last year.
Mytheresa Reaches Agreements With Richemont To Acquire YNAP - Quick Facts
MYT Netherlands Parent B.V. or Mytheresa (MYTE) and Richemont have entered into binding agreements for the acquisition of 100% of the
Cartier Owner Richemont Is Selling Its E-Commerce Business
Richemont, owner of luxury jewelers Cartier and Piaget, has finally found a buyer for its e-commerce business Yoox Net-A-Porter. Richemont has been looking to offload YNAP for the better part of the past couple of years as the operation has struggled to turn a profit.
Mytheresa Acquires YNAP from Richemont
Mytheresa will hand part of its shares to Richemont, while the off-price divisions, Yoox and The Outnet, will be separated from the luxury business following the acquisition.
16h
on MSN
Richemont offloads online retailer Yoox Net-A-Porter to Mytheresa
By John Revill ZURICH (Reuters) -Cartier owner Richemont has agreed to sell its loss-making Yoox Net-A-Porter online fashion ...
Retail TouchPoints
9h
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 ...
FIRSTonline
17h
Richemont Sells Yoox Net-A-Porter to Mytheresa: A New Digital Luxury Giant Is Born
German luxury platform Mytheresa acquires Yoox Net-A-Porter from Richemont, creating a digital luxury giant. With a base of 2,3 million consumers, the deal aims to integrate historic platforms ...
The Sunday Business Post
18h
Richemont finally offloads Yoox Net-A-Porter to German rival
Richemont has finally struck a deal to offload its troubled online business Yoox Net-A-Porter to Mytheresa in exchange for ...
11h
on MSN
What's Going On With MYT Netherlands Shares Monday?
MYT Netherlands Parent B.V., also known as Mytheresa, stock is trading higher after it entered into a binding agreement with ...
Cosmetics Business
15h
Mytheresa snaps up Yoox Net-a-Porter from Richemont
Mytheresa, Net-a-Porter and Mr Porter will form YNAP’s luxury division, while Yoox and The Outnet will be run separately, and ...
11h
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 ...
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