Mytheresa Completes Acquisition of YOOX Net-a-Porter From Richemont
Richemont International SA, 50, Chemin de la Chênaie, Les Grands-Champs, Grands-Bois, Bellevue, Genève, 1293, Switzerland
Richemont
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins90% CONFIDENCEOverall confidence: 90%How well the pin's source and references back up its dates.Weighted average of how firmly 2 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or betterThe joint release is dated '24 April 2025 – Mytheresa (NYSE:MYTE) successfully closed its acquisition of YNAP from Richemont[1] ... following the fulfillment of all conditions including receipt of all unconditional approvals'.
Mytheresa closed its purchase of YOOX Net-a-Porter from Richemont, giving Richemont a 33% stake in Mytheresa in exchange, after signing the binding agreement in October 2024; the combined company was renamed LuxExperience.
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