Mytheresa news and archive

Mytheresa posts positive Q1 results

Mytheresa’s net sales for the first quarter increased by 7.6 percent to 201.7 million euros, while GMV growth was 6.3 percent to 216.6 million euros compared to the same quarter of FY24. The company’s gross profit margin of 43.9 percent, improved 150bps and profitability by 200bps at adjusted EBITDA margin level of 1.4 percent compared to...

ManagementFeatured

Mytheresa closes the deal to acquire YNAP from Richemont

Mytheresa has acquired 100 percent of the share capital of Yoox Net-A-Porter Group (YNAP). At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of 555 million euros and no financial debt. Richemont will also make available a six-year revolving credit facility of 100 million euros to finance YNAP’s general corporate...

Business

Is Mytheresa set to acquire YNAP?

After what has been a long and, seemingly, tedious sales process, Swiss luxury giant Richemont may have finally found a buyer for its loss-making e-commerce platform Yoox Net-a-Porter (YNAP). It has been reported that German luxury e-tailer Mytheresa is close to snapping up what had been its online rival after formerly interested parties, Bain...

Business

Mytheresa strengthens presence in China with new brand name and WeChat

Munich-based fashion retailer Mytheresa is strengthening its presence in China through the introduction of a new local brand name and the launch of a new programme on the Chinese instant messaging, social media and mobile payment app WeChat. The introduction of the new Chinese brand name '美遴世' (Mei Lin Shi) follows the appointment of Dede Chan...

Report

Despite sales increase, Mytheresa reports higher annual loss

Munich-based fashion retailer Mytheresa closed the 2023/24 financial year with a solid increase in sales. However, its loss was significantly higher than in the previous year. This is evident from the current annual report, which the listed holding company MYT Netherlands Parent BV published on Thursday. In the financial year to the end of June,...

Report

Amber Pepper to join Mytheresa as chief customer experience officer

Luxury multi-brand platform Mytheresa has announced the appointment of Amber Pepper as new chief customer experience officer as of October 1, 2024. Commenting on the new appointment, Michael Kliger, CEO of Mytheresa said: “Amber’s expertise and experience will be instrumental to further grow the leadership position of Mytheresa as the best...

Business

Mytheresa and Vestiaire Collective expand collaboration

Online fashion retailer Mytheresa and resale platform Vestiaire Collective have expanded their collaboration and will extend Vestiaire Collective's exclusive resale service to all Mytheresa customers in Europe, the UK and the US with immediate effect. The service was first introduced in Europe for Mytheresa's top customers in June 2021 and was...

Report

Mytheresa's Q3 net sales grow by 17.6 percent

Mytheresa’s third quarter net sales increased 17.6 percent to 233.9 million euros and GMV rose 14.7 percent to 252.2 million euros. The company reported gross profit growth of 12 percent to 101.6 million euros with 43.4 percent gross profit margin and improved Adjusted EBITDA margin to 3.9 percent compared to the same period last year....

Report

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...