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Richemont, YNAP and Mytheresa
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 has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.
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)
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 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.
Ecommercenews.eu
36m
Mytheresa frees Richemont from Yoox Net-a-Porter
The rumors had been circulating for a while, but now it’s official: Mytheresa wants to acquire industry peer Yoox ...
23h
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 ...
2m
Mytheresa Acquires YNAP, Expands Luxury Empire
MYT Netherlands (MYTE) has released an update. MYT Netherlands Parent B.V., commonly known as Mytheresa, has struck a deal to ...
Retail TouchPoints
17h
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
1d
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
1d
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 ...
1d
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, ...
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