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Mytheresa acquires Yoox Net-a-Porter
Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
Richemont has agreed to sell its struggling digital business Yoox Net-a-Porter to online retailer Mytheresa, drawing a line under a failed venture that has cost the Swiss luxury group billions of euros.
Mytheresa To Acquire Yoox Net-a-Porter From Richemont
Mytheresa will be acquiring Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont. The equity deal will see Mytheresa become the new owner of YNAP with a €555 million EUR ($609 million USD) cash position and no financial debt.
Richemont sells Yoox Net-a-Porter stake
Luxury group Richemont has reportedly agreed to sell its stake in luxury online retailer Yoox Net-a-Porter (YNAP) to online retailer Mytheresa.
9h
Updated: Net-a-Porter owner YNAP snapped up by MyTheresa
Luxury conglomerate Richemont has agreed to sell its Yoox Net A Porter business to German ecommerce platform MyTheresa in ...
50m
What's Going On With MYT Netherlands Shares Monday?
MYT Netherlands Parent B.V., also known as Mytheresa, stock is trading higher after it entered into a binding agreement with ...
Professional Jeweller
18m
Richemont reaches sale agreement for underperforming YNAP
Richemont has entered a binding agreement with Mytheresa for the acquisition of 100% of the share capital of Yoo-Net-A-Porter ...
Monocle
4h
Geopolitical risks: where do we stand?
How will the geopolitical stories that have dominated 2024 continue to unfold? Plus: we reflect on the year since Hamas’s 7 ...
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