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
CONFIRMED90% CONFIDENCEThe 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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