Mytheresa to acquire Yoox Net-a-Porter from Richemont
WEB16 hours ago · Mytheresa has entered into a binding agreement to acquire 100 per cent of Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont, the companies confirmed on Monday. Richemont will sell YNAP with a cash position of €555 million and no financial debt in exchange for a 33 per cent stake in Mytheresa. Richemont will have the right to …
Mytheresa to Acquire Yoox Net-a-Porter From Richemont
WEB9 hours ago · 07 October 2024. Mytheresa has signed an equity deal to acquire luxury e-tail giant Yoox Net-a-Porter (YNAP) from Richemont. Under the terms of the transaction, Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt. Richemont will take a 33 percent stake in Mytheresa. “With this transaction, …
Richemont Finally Offloads Yoox Net-A-Porter to German Rival
WEB9 hours ago · Richemont has finally struck a deal to offload its troubled online business Yoox Net-A-Porter to Mytheresa in exchange for shares in the German e-commerce company. The deal, which comes 10 months ...
Mytheresa - MYT Netherlands Parent B.V. (“Mytheresa”) and …
WEB6 hours ago · AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 7 OCTOBER 2024 Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments Mytheresa to issue shares to Richemont representing 33% of Mytheresa’s fully diluted share capital Richemont to provide a …
Mytheresa Acquires YNAP from Richemont - Yahoo Finance
WEB9 hours ago · Mytheresa will hand part of its shares to Richemont, while the off-price divisions, Yoox and The Outnet, will be separated from the luxury business following the acquisition. News Today's news
MYT Netherlands Parent B.V. (“Mytheresa”) and ... - Business Wire
WEB10 hours ago · At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments, in exchange for shares to be issued ...
Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
WEB10 hours ago · YNAP is being sold to Mytheresa with a cash position of 555 million euros ($608.50 million) and no financial debt, the statement added, with the deal also provide a revolving credit facility of ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa
WEB8 hours ago · Cartier owner Richemont agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, nearly a year after it scrapped a previous sale of the ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB9 hours ago · By Andrea Figueras. Cartier owner Richemont agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, nearly a year after it scrapped a ...
Mytheresa Reaches Agreements With Richemont To Acquire …
WEB10 hours ago · Oct. 7, 2024, 01:58 AM. (RTTNews) - MYT Netherlands Parent B.V. or Mytheresa (MYTE) and Richemont have entered into binding agreements for the acquisition of 100% of the share capital of YOOX NET ...