Johann Rupert’s Richemont finalizes YNAP divestment to Mytheresa

MyTheresa Finalizes Yoox Net-a-Porter Acquisition

On Thursday, Mytheresa finalized its acquisition of Yoox Net-a-Porter from Richemont, through its subsidiary Richemont Italia Holding S.P.A. Mytheresa is now YNAP's sole shareholder. In exchange for all shares of YNAP and a net cash position of €555 million (about $631.8 million) and no financial debt, Richemont has received 49,741,342 shares in Mytheresa, representing 33% of Mytheresa's fully diluted share capital post issuance of the considera…

Johann Rupert’s Richemont finalizes YNAP divestment to Mytheresa

Key PointsRichemont completes its YNAP divestment to Mytheresa, receiving 33% equity and €555 million ($609.7 million) in cash, ending its operational role in YNAP.Mytheresa will rebrand YNAP as LuxExperience B.V. and enhance luxury offerings while phasing out white-label services.The acquisition boosts Mytheresa’s infrastructure and global digital presence, reinforcing its standing among top-tier online luxury retailers.Richemont, the Swiss lux…