Mytheresa news and archive

Mytheresa completes acquisition of YNAP

E-commerce specialist Yoox Net-a-Porter (YNAP) now officially has a new owner. On Thursday, Munich-based fashion retailer Mytheresa and Swiss luxury goods group Compagnie Financière Richemont SA (Richemont) announced the completion of their transaction agreed last autumn. Accordingly, MYT Netherlands Parent BV, the listed parent company of...

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Prada partners with Mytheresa in digital distribution pivot

Prada has joined forces with luxury e-commerce platform Mytheresa in a move that reflects a new approach to global digital distribution—one that prioritises selectivity, brand integrity, and customer experience over traditional wholesale reach. The partnership will make Prada’s women’s, men’s, and lifestyle collections available to Mytheresa’s...

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Mytheresa secures regulatory clearance for YNAP acquisition

German e-tailer Mytheresa has said that it has received clearance to acquire Yoox Net-a-Porter (YNAP) from the European Commission. With this, the company has now secured all necessary approvals from regulatory authorities to move forward with the sale and plans to close the transaction by April 23, 2025. Mytheresa had first announced its...

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Mytheresa hosts exclusive après-ski experience in Aspen with Bemelmans Bar

Munich-based luxury fashion retailer Mytheresa has partnered with Bemelmans Bar, a New York icon within The Carlyle, to host an exclusive après-ski experience in Aspen. An immersive experience, the event sees Bemelmans Bar bring its charm outside of the Upper East to host a pop-up in downtown Aspen, where guests can enjoy drinks, live...

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Mytheresa reports significant revenue increase and reduced loss

Munich-based luxury fashion retailer Mytheresa achieved double-digit revenue growth in the second quarter of its fiscal year 2024/25. The company also improved its earnings. CEO Michael Kliger expressed strong satisfaction with the latest figures, which the listed parent company MYT Netherlands Parent B.V. presented on Tuesday. "We are very...

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Mytheresa: Holding to operate as LuxExperience following YNAP acquisition

The holding company of munich-based fashion retailer Mytheresa will operate under a new name following the takeover of Yoox Net-a-Porter (YNAP). MYT Netherlands Parent BV is currently preparing to rename the company as LuxExperience BV, the firm announced on Monday. Subject to shareholder approval in March, the company will be called...

People

Mytheresa nominates Richemont CFO Burkhart Grund to supervisory board

Mytheresa has announced the appointment of Burkhart Grund, chief financial officer of Richemont, as a new supervisory board member, following the completion of its acquisition of YNAP. “We are pleased to welcome Burkhart Grund, a highly experienced financial expert, to our board,” said Nora Aufreiter, chair of the supervisory board of Mytheresa....

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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...

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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...

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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...

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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...

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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,...