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Losses at YNAP have cost its parent billions of euros in writedowns

RTÉ

Ireland

Richemont announces deal to sell Yoox Net-A-Porter

Cartier owner Richemont has agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to Mytheresa, ending the search for a new owner of loss-making YNAP after the collapse of a previous deal last year.

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United Kingdom

Richemont to sell struggling Yoox Net-a-Porter to Mytheresa

Mytheresa will hand part of its shares to Richemont, while the off-price divisions, Yoox and The Outnet, will be separated from the luxury business following the acquisition.

Penske Media Corporation

United States

Mytheresa Acquires YNAP from Richemont

Mytheresa said it aims to create a ‘digital luxury group worldwide’ as the e-commerce sector further consolidates. Richemont will own a 33 per cent stake in Mytheresa when the deal closes.

Vogue Business

Mytheresa to acquire Yoox Net-a-Porter from Richemont

Mytheresa Acquires Yoox Net-A-Porter From Richemont In one of the most viral retail announcements this year, online fashion platform Mytheresa…

Daily Front Row

MyTheresa Acquires Net-A-Porter, Jacob Elordi For Bottega Veneta, & More!

Mytheresa to acquire YNAP, forming global luxury e-commerce powerhouse. €555m cash deal reshapes digital fashion landscape. Learn how this merger impacts luxury brands, shoppers, and the industry's future.

stocktitan.net

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

LONDON — Mytheresa is acquiring 100% of the Yoox Net-a-porter group from Richemont, with the ambition to create a €4 billion online behemoth in the luxury fashion sector. In exchange for the shares, Richemont will sell YNAP, which has a cash position of 555 million euros and no financial debt, to Mytheresa. Richemont will also [...]
Source

News Day Express

Mytheresa acquires Yoox Net-a-porter from Richemont – News Day Express

Drapers Mytheresa acquires Yoox Net-A-Porter from Richemont
Mytheresa has agreed to acquire Yoox-Net-A-Porter (YNAP) from its owner Richemont for €555m (£465m) in exchange for shares in its business.The post Mytheresa acquires Yoox Net-A-Porter from Richemont appeared first on Drapers.

Drapers

Mytheresa acquires Yoox Net-A-Porter from Richemont

Mytheresa, Net-a-Porter and Mr Porter will form YNAP’s luxury division, while Yoox and The Outnet will be run separately, and YNAP’s white label division discontinued

cosmeticsbusiness.com

Mytheresa snaps up Yoox Net-a-Porter from Richemont

The luxury house sold the segment to Mytheresa and will gain a 33% stake in the e-commerce company.

fashiondive.com

Richemont sells Yoox Net-A-Porter for $610M

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Richemont to sell struggling Yoox Net-a-Porter to Mytheresa

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