Mytheresa To Acquire YOOX NET-A-PORTER From Richemont In €555M Cash Deal, Issuing 33% Equity Stake To Form Global Multi-Brand Luxury Group
Portfolio Pulse from Benzinga Newsdesk
Mytheresa is set to acquire YOOX NET-A-PORTER from Richemont in a €555 million cash deal, issuing a 33% equity stake to Richemont. The transaction, expected to close in H1 2025, will form a global multi-brand luxury group.
October 07, 2024 | 6:42 am
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Mytheresa is acquiring YOOX NET-A-PORTER from Richemont for €555M, issuing a 33% equity stake to Richemont. This deal will expand Mytheresa's global reach and create a significant multi-brand luxury group.
The acquisition of YOOX NET-A-PORTER by Mytheresa is a significant strategic move, expanding its market presence and creating a larger multi-brand luxury group. The issuance of a 33% equity stake to Richemont indicates a strong partnership and potential for growth, likely positively impacting Mytheresa's stock price.
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