Mytheresa Acquires Yoox Net-a-porter From Richemont - Yahoo …
WEB2 days ago · He added that Mytheresa was purchasing YNAP from a position of strength. As reported, in fiscal 2024, the Munich-based e-tailer posted adjusted net income of 7.7 million euros, compared with 18.4 ...
MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign …
WEB2 days ago · At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments, in exchange for shares to be issued by Mytheresa representing 33% of Mytheresa’s fully diluted [1] share capital at closing following issuance of …
Mytheresa to acquire digital luxury retailer YNAP - Yahoo Finance
WEB2 days ago · In this article: CFRHF. Luxury multi-brand digital platform Mytheresa has signed a definitive agreement to acquire the entire share capital of online luxury and fashion retailer YNAP from Swiss ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa
WEB2 days ago · News of the deal with Mytheresa comes after Richemont said in December last year that a previous attempt to sell YNAP fell apart after British-Portuguese online luxury marketplace Farfetch, which ...
Mytheresa to acquire Yoox Net-a-Porter from Richemont
WEB2 days ago · Mytheresa has entered into a binding agreement to acquire 100 per cent of Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont, the companies confirmed on Monday. It sent the Mytheresa share price up 7.75 per cent on Monday morning while the Richemont price was up 1.1 per cent. Richemont will …
Richemont to sell struggling Yoox Net-a-Porter to Mytheresa
WEB2 days ago · In exchange, Richemont will take a 33 per cent stake in Mytheresa. The transaction is expected to close in the first half of 2025. “We are pleased to have found such a good home for YNAP ...
Richemont to Sell e-Commerce Business YNAP to Mytheresa — …
WEB2 days ago · Richemont said Monday that it expects to book a 1.3 billion-euro ($1.43 billion) hit as a result of the deal, under which it will transfer YNAP with 555 million in cash and no debt to Mytheresa ...
MYT Netherlands Parent B.V. (“Mytheresa”) and ... - Business Wire
WEB2 days ago · At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments, in exchange for shares to be issued ...
Richemont to Sell YNAP to Mytheresa - WSJ - The Wall Street …
WEB2 days ago · Cartier owner Richemont has agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a ...
Richemont Lends A Helping Hand For Mytheresa To Acquire Yoox …
WEB20 hours ago · Mytheresa will instantly more than double in size, adding some $2.3 billion in YNAP’s gross merchandise value – €1.2 billion from Net-A-Porter and Mr Porter and €.9 from off-price Yoox and ...