Mytheresa acquires YOOX NET-A-PORTER from Richemont, strengthening luxury retail brands

From GlobeNewswire: 2025-04-24 02:35:00

Luxury retailer Mytheresa has completed its acquisition of YOOX NET-A-PORTER (YNAP) from Richemont, making it the sole shareholder of YNAP. The company will be rebranded as LuxExperience B.V. and listed on the NYSE as “LuxExperience” with the ticker symbol “LUXE”. Richemont received 33% of Mytheresa’s shares in exchange for YNAP and €555m in cash. The acquisition aims to strengthen luxury retail brands, with significant synergies expected through shared infrastructure and operational efficiency improvements. The off-price division will also be separated to enhance operating efficiency. Mytheresa is optimistic about the integration, expecting to become a strong global player in digital luxury.



Read more at GlobeNewswire: MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont