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- Apr 24, 202590% CONFIDENCEfrom the source
Mytheresa Completes Acquisition of YOOX Net-a-Porter From Richemont
- Mytheresa (NYSE:MYTE) closed its acquisition of YOOX Net-a-Porter from Richemont on 24 April 2025 after receiving all required regulatory approvals[1]
- Richemont received 49,741,342 Mytheresa shares, representing 33% of its fully diluted share capital, in exchange for YNAP's shares and a net cash position of €555 million with no financial debt[1]
- The combined company was renamed 'LuxExperience B.V.', continuing to trade on the NYSE under the new ticker 'LUXE' from 1 May 2025[1]
- The binding agreement behind the deal was signed on 7 October 2024, with Richemont also providing a six-year, €100 million revolving credit facility for YNAP's general corporate needs[2]
References 290% CONFIDENCE
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- [1]90%richemont.com/news-media/press-releases-news/myt-netherlands-parent-bv-mytheresa-and-richemont-announce-the-successful-completion-of-mytheresa-s-acquisition-of-yoox-net-a-porter-ynaprichemont.com· Posted Sep 25, 2026· Starts Apr 24, 2025 ✓· 94% of score
The joint release is dated '24 April 2025 – Mytheresa (NYSE:MYTE) successfully closed its acquisition of YNAP from Richemont ... following the fulfillment of all conditions including receipt of all unconditional approvals'.
- [2]85%Baker McKenzie Advises Mytheresa in Agreement with Richemont to Acquire YOOX NET-A-PORTERbakermckenzie.com· Published Oct 7, 2024· 6% of score
Confirms the binding agreement was signed 7 October 2024, with Richemont[1] to receive shares representing 33% of Mytheresa and a EUR 100 million revolving credit facility for YNAP, ahead of the April 2025 closing.
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