Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
WEB12 hours ago · Mytheresa will get YNAP's 555 million euro ($608.50 million) cash pile without any financial debt, as well as a revolving credit facility of 100 million euros from Richemont.
Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa
WEB11 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 Acquires Yoox Net-a-porter from Richemont - Yahoo …
WEB11 hours ago · CFRUY. LONDON – Mytheresa will acquire 100 percent of Yoox Net-a-porter group from Richemont with the ambition of creating a 4 billion euros online juggernaut in the luxury fashion space ...
MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …
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 by Mytheresa representing 33% of Mytheresa’s fully diluted [1] share capital at closing following issuance of …
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB11 hours ago · Richemont said Monday that it expects to book a 1.3 billion-euro ($1.43 billion) hit as a result of the deal, under which it will transfer YNAP with 555 million in cash and no debt to Mytheresa ...
Mytheresa to acquire Yoox Net-a-Porter from Richemont
WEB11 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. It sent the Mytheresa share price up 7.75 per cent on Monday morning while the Richemont price was up 1.1 per cent. Richemont …
Richemont to Sell e-Commerce Business YNAP to Mytheresa
WEB8 hours ago · News of the deal with Mytheresa comes after Richemont said in December last year that a previous attempt to sell YNAP fell apart after British-Portuguese online luxury marketplace Farfetch, which ...
Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa (1)
WEB10 hours ago · Andy Hoffman. Richemont agreed to offload its troubled online fashion business Yoox Net-A-Porter to Mytheresa in exchange for shares in the German e-commerce company. The deal, which comes 10 months after a previous plan to sell YNAP to rival Farfetch Ltd. collapsed, will see no cash change hands. Instead, Richemont will take a 33% stake in ...
Mytheresa Acquires Yoox Net-a-Porter - Fashionista
WEB3 hours ago · Richemont will also be able to nominate a member to the Mytheresa board with a final decision to be made in early 2025. Richemont will also grant a six-year revolving credit of €100 million to ...
Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity …
WEB11 hours ago · The company aims to grow to a €4 billion business by 2029, Mytheresa CFO Martin Beer said on the call. Mytheresa’s shares rose nearly 8 percent in early trading following the news, as investors appeared to buy into its vision to turn around YNAP’s struggling operations. Richemont’s shares also inched higher.
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