Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa
WEB10 hours ago — In this article: CFRUY. (Bloomberg) -- 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. Most ...
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 will …
Richemont to sell online retailer Yoox Net-A-Porter to Mytheresa
WEB12 hours ago — ZURICH, Oct 7 (Reuters) - Cartier owner Richemont (CFR.S), opens new tab has agreed to sell its loss-making Yoox Net-A-Porter online fashion and accessories business to Mytheresa (0FVy.MU), opens ...
Mytheresa Acquires Yoox Net-a-Porter - Fashionista
WEB3 hours ago — Luxury e-tailer Mytheresa has successfully acquired the entirety of competing platform Yoox Net-a-Porter (YNAP) from its former owner Richemont in a €555 million cash and no-financial-debt deal ...
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 ...
Mytheresa - MYT Netherlands Parent B.V. (“Mytheresa”) and …
WEB8 hours ago — View All News. MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa. 10/07/2024.
Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
WEB11 hours ago — Richemont now expects to write down YNAP’s net assets to about €1.3bn, including the cash. The group will have the right to name one person to Mytheresa’s supervisory board once the ...
Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity …
WEB11 hours ago — Richemont reported a six-month loss of €0.7 billion for its “discontinued operations” unit comprising Yoox Net-a-Porter (YNAP), citing continued operating losses and a €0.6 billion write-down. Experts say Mytheresa, Ssense and Moda Operandi have kept afloat in a challenged space by honing in on a particular consumer, curating their ...
MYT Netherlands Parent B.V. (“Mytheresa”) and ... - Business Wire
WEB12 hours ago — MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in ...
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 ...
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