Mytheresa
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Sep- 2025 -29 SeptemberLuxury Goods
Mytheresa FY sales jump 8.9% to €916m
LuxExperience has reported that its Mytheresa unit saw net sales rise 11.5% year-on-year to €248.9m (£217m) in the fourth quarter to 30 June, while full-year sales rose 8.9% to €916.1m (£799m). The group’s EBITDA also increased 73% over the year to €44.6m (£38.9m). The company said profitability improved as gross…
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Apr- 2025 -28 AprilFeatures
Will Mytheresa’s acquisition of YNAP create a leader in digital luxury?
Mytheresa’s acquisition of Yoox Net-A-Porter will bring together Mytheresa, Net-A-Porter, Mr Porter, Yoox, and The Outnet under the banner of LuxExperience – a new entity aiming to create “a global leader in digital luxury retail”. But as Chris Camacho, the chief executive of Cheil UK, points out: “Can you create…
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14 AprilNews-In-Brief
Today’s news in brief-14/4/25
Currys CEO Alex Baldock has warned of a potential influx of Chinese products into UK and European markets, driven by Donald Trump’s tariffs on Chinese goods. Baldock and other retail executives, including Buy It Direct’s Nick Glynne, expressed concerns that Chinese manufacturers may redirect goods originally destined for the US…
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14 AprilLuxury Goods
Mytheresa to finalise acquisition of Yoox Net-A-Porter
Mytheresa has received clearance from the European Commission for its acquisition of Yoox Net-A-Porter from Richemont, with plans to close the transaction on Wednesday 23 April. It comes as the two groups signed binding agreements for the deal by Mytheresa of 100% of the share capital of YNAP from Richemont…
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Jan- 2025 -22 JanuaryLuxury Goods
Mytheresa nominates Richemont CFO to board
Mytheresa has nominated Burkhart Grund, the chief financial officer of Richemont, as its new supervisory board member, subject to the completion of its Yoox Net-A-Porter (YNAP) takeover.The proposal is set to be voted on by shareholders at an extraordinary general meeting on 6 March, 2025. Last October, Mytheresa and Richemont…
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Nov- 2024 -20 NovemberNews-In-Brief
Today’s news in brief-20/11/24
Ted Baker has re-entered the online retail scene with a UK-exclusive ecommerce platform following its financial collapse earlier this year. The site is operated by United Apparel and Legwear (ULAC), appointed by Authentic Brands Group, which owns the brand. European versions are in development. This marks a strategic pivot after…
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20 NovemberNews
Mytheresa Q1 losses rise 122% to £25m despite improved sales
Mytheresa’s operating loss increased by 122% to €30m (£25m) despite an increase in sales during the first quarter of FY25. Despite the loss in profits, net sales for the German luxury retailer increased 7.6% to €201.7m (£168.1m). The company was said to have had a “strong” financial performance during the…
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Oct- 2024 -7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberClothing & Shoes
Yoox Net-A-Porter to be acquired by Mytheresa in €555m deal
Mytheresa has signed a deal to acquire Yoox Net-A-Porter (YNAP) from Richemont for €555m (£464m).Following the deal, Richemont will acquire a 33% stake in Mytheresa, while Mytheresa will acquire 100% of the share capital of YNAP. Richemont will also provide a six-year revolving credit facility of €100m (£84m) to help…
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Sep- 2024 -13 SeptemberNews
Today’s news in brief-13/9/24
Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting fresh food deliveries crucial for Christmas. The Entry/Exit System (EES) implementation from November 10, 2024, threatens significant disruptions, prompting calls for public awareness campaigns. The British Retail Consortium (BRC) asserted…
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