Mytheresa (MYTE) to acquire 100% of the share capital of YNAP, from Richemont (CFRUY), with a cash position of €555M and no ...

Cartier owner Richemont agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa.

Mytheresa's CEO says back-of-the-house integration of Yoox Net-a-porter will increase profitability and reduce complexities.

Mytheresa will be integrated with YNAP’s Luxury division, creating a unified entity with three distinct online storefronts.

Richemont will also extend a €100m revolving credit facility to YNAP. This sale comes 10 months after a prior attempt to sell ...

Though the company has been loss-making for Swiss luxury group Richemont, Mytheresa plans to integrate key brands ...

Richemont has agreed to sell its Yoox Net-a-Porter (YNAP) business to MYT Netherlands Parent BV, parent of e-commerce ...

Mytheresa will be acquiring Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont. The equity deal will see Mytheresa ...

Richemont took control of YNAP in 2018, three years after the business was formed through the merger of Italian e-commerce firm Yoox and London-based Net-a-Porter, in a move that sought to capture the ...

Porter (YNAP) from its owner Richemont with a cash position of €555m (£465m) in exchange for shares in its business.

Mytheresa, Net-a-Porter and Mr Porter will form YNAP’s luxury division, while Yoox and The Outnet will be run separately, and ...