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

Munich & geneva, switzerland--(business wire)--today, mytheresa (nyse:myte) and richemont (swx:cfr) announce that they have entered into binding agreements for the acquisition of 100% of the share capital of ynap by mytheresa. the transaction aims to create a leading, global, multi-brand digital luxury group offering a highly curated and strongly differentiated edit of the most prestigious luxury brands and products to luxury enthusiasts worldwide. transaction rationale mytheresa and ynap have.
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