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Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity Deal

Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings Richemont’s years-long slog to offload the troubled YNAP to a close.
Michael Kliger is the chief executive officer of Mytheresa.
“Mytheresa aims to create a pre-eminent, multi-brand, digital, luxury group worldwide,” CEO Michael Kliger said in a statement announcing Mytheresa’s acquisition of Yoox Net-a-Porter from Richemont.

Richemont

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Further Reading

Luxury E-Commerce: Who’s Surviving and Why

Experts say Mytheresa, Ssense and Moda Operandi have kept afloat in a challenged space by honing in on a particular consumer, curating their assortments and executing on retail basics. Still, the road ahead is tough, and the bigger they get, the harder it will be to sustain these strategies.

About the author
Sarah Kent
Sarah Kent

Sarah Kent is Chief Sustainability Correspondent at The Business of Fashion. She is based in London and drives BoF's coverage of critical environmental and labour issues.

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