Mytheresa Completes Acquisition of YOOX NET-A-PORTER from Richemont

Compagnie Financiere Richemont SA ( (CH:CFR) ) has provided an announcement.

Mytheresa has completed its acquisition of YOOX NET-A-PORTER (YNAP) from Richemont, marking a significant milestone in its expansion within the digital luxury sector. The acquisition will see Mytheresa, now renamed LuxExperience B.V., consolidate YNAP under its umbrella, enhancing its position in the market. The integration aims to strengthen Mytheresa’s retail brands and improve operational efficiency through shared infrastructure. Richemont received a 33% stake in Mytheresa as part of the deal, reflecting a strategic partnership. This move is expected to create value for stakeholders and position Mytheresa as a resilient global player in digital luxury.

More about Compagnie Financiere Richemont SA

Mytheresa is a leading luxury multi-brand digital platform that ships to over 130 countries. Originally founded as a boutique in 1987, it launched its online presence in 2006. The company offers a curated selection of luxury brands, including Bottega Veneta, Gucci, and Prada, focusing on high-end luxury shoppers. It reported a GMV of €913.6 million in fiscal year 2024. Richemont, on the other hand, is known for its prestigious Maisons in jewelry, watchmaking, and fashion, with brands like Cartier and Montblanc.

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Technical Sentiment Signal: Sell

Current Market Cap: CHF82.21B

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