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The latest update is out from Compagnie Financiere Richemont SA ( (CH:CFR) ).
Mytheresa, a prominent player in the digital luxury retail sector, has received final regulatory approval to acquire YOOX NET-A-PORTER (YNAP) from Richemont. This acquisition aims to create a leading global multi-brand digital luxury group under the new entity LuxExperience B.V. The transaction is expected to close on April 23, 2025, and will see Mytheresa issuing new shares to Richemont, making it a significant shareholder. The merger is anticipated to generate substantial synergies and enhance the value proposition for luxury customers, brand partners, and shareholders. However, the integration process is expected to initially dilute Mytheresa’s EBITDA margin, with a restructuring plan in place to return YNAP to profitability within 24 to 36 months.
More about Compagnie Financiere Richemont SA
YTD Price Performance: -1.56%
Average Trading Volume: 1,247,732
Technical Sentiment Signal: Sell
Current Market Cap: CHF75.54B
For an in-depth examination of CFR stock, go to TipRanks’ Stock Analysis page.