Mytheresa news and archive

Mytheresa among bidders for Yoox Net-a-Porter

Online retailer Mytheresa is understood to be among the potential bidders looking to snap up rival e-commerce business Yoox Net-a-Porter (YNAP) from luxury group Richemont. According to sources for the Financial Times (FT), German-based Mytheresa is in competition with private equity firms Bain Capital and Permira for the struggling e-tailer....

Report

Mytheresa reports strong sales growth in Q2

Mytheresa’s second quarter net sales increased 8.3 percent on a constant currency basis and 3.6 percent on an IFRS basis to 197 million euros. The company reported GMV growth of 5.9 percent on a constant currency basis and 1.5 percent on a nominal basis to 219.1 million euros, gross profit margin of 49.9 percent and positive adjusted EBITDA...

Business

Mytheresa and DHL strike up partnership for more environmentally friendly air transportation

Mytheresa has signed a contract with DHL Express for low-emission air transport of goods. The Munich-based fashion retailer is participating in the international shipping provider's 'GoGreen Plus' service, as announced by the company in a release. The initiative uses an aircraft fuel made from alternative raw materials, which is intended to...

Business |Opinion Featured

Is luxury e-commerce facing a downturn?

Luxury's digital platforms are grappling with significant challenges, marked by financial struggles and strategic shifts. London-based Farfetch, in an effort to avert bankruptcy, has chosen to sell a majority stake to Coupang, often dubbed South Korea's Amazon counterpart. Referred to as an ‘every’ store known more for selling affordable...

Report

Mytheresa increases Q1 sales by 12 percent

For its first quarter, Mytheresa, the luxury multi-brand digital platform reported net sales increase of 12 percent on a constant currency and 6.8 percent on an IFRS basis to 187.8 million euros. The company recorded GMV growth of 8 percent on a constant currency and 3.1 percent on an IFRS basis to 204.1 million euros, while gross profit margin...

Fashion Partner Content

Goldbergh x Mytheresa: The world of high-end skiwear

Goldbergh, a name synonymous with high-performance and bold design in the world of sportswear, is collaborating with Mytheresa, the renowned online luxury fashion retailer. Together they present a very limited edition that merges the worlds of high-end fashion and skiwear like never before. We are proud to be establishing an exclusive...

Fashion |Jewellery

Bucherer launches exclusive retail partnership with Mytheresa

Bucherer has announced that its jewellery brand Bucherer Fine Jewellery will be exclusively available with luxury online retailer Mytheresa, marking the brand’s first online retail partnership. The luxury e-commerce platform will offer a curated selection of Bucherer Fine Jewellery pieces from three different collections from today, September...

Management

Mytheresa reports strong Q4 GMV and sales growth, but swings to loss

Mytheresa has reported a strong increase in GMV and sales in the fourth quarter and full year as “big spending” customers continued to drive growth. The German luxury retailer posted a 13 percent increase in gross merchandise value (GMV) to 222.2 million euros in the fourth quarter ended June 30, while net sales increased 16.5 percent to 203.8...

Fashion |Interview Featured

Mytheresa Chief Buying Officer: “We don’t tend to over analyze social media trends”

The men's fashion weeks are just over, and already the next shows are taking place with the Haute Couture Week and the Fashion Week in Berlin. Time to ask the retailers about their plans for SS24. First up is Tiffany Hsu, Chief Buying Officer at Mytheresa. In this interview, the chief buyer reveals which pieces are currently popular at the...

Retail

Mytheresa and Flamingo partner on New York pop-up

In an extension of their already existing relationship, luxury retailer Mytheresa has once again paired up with lifestyle brand Flamingo Estate to open a ‘body shop’ pop-up in East Hampton, New York. Over the course of five weeks, the immersive space, dubbed ‘The Summer Body Shop’, will house a series of exclusive brand collaborations and...

Fashion |Interview Featured

Forest adventure, D&G mini-me and luxury sneakers: the kidswear trends at Mytheresa

The children's fashion fair Pitti Bimbo just took place in Florence, where buyers of Mytheresa were active as well as at Playtime in Paris as they looked to discover new brands and trends. But what role does children's fashion play in the luxury sector? Is it all about occasion wear or do customers also buy their children everyday clothes in the...

Report

Mytheresa records GMV and sales growth in Q3

MYT Netherlands Parent B.V. (Mytheresa) reported GMV growth of 17.8 percent to 219.8 million euros in the third quarter compared to the prior year period. Net sales for the quarter increased 17.3 percent to 198.9 million euros. Gross profit margin was 45.6 percent compared to 48.8 percent in the prior year period. Commenting on the company’s...