YNAP
This coverage examines YOOX Net-a-Porter (YNAP) and its evolution within the UK luxury retail landscape. Previously a significant player in online luxury fashion, YNAP has undergone substantial changes, including its acquisition by Mytheresa in 2025. The newly formed entity, LuxExperience, encompasses brands such as Net-a-Porter, Mr Porter, YOOX, and The Outnet. This restructuring aims to streamline operations by separating luxury and off-price segments, enhancing customer experience, and fostering brand autonomy.
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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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5 SeptemberLuxury Goods
LuxExperience to cut 700 jobs in YNAP overhaul
LuxExperience has announced plans to cut around 700 jobs across multiple countries as part of a wider restructuring of the Yoox Net-a-Porter (YNAP) business, which it acquired earlier this year in April. The luxury e-commerce group said it expects the measures – which include streamlining operations and consolidating administrative functions…
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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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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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Jun- 2024 -17 JuneNews
Today’s news in brief-17/6/24
Superdry’s shareholders have approved a restructuring plan to rescue the company from financial difficulties. This plan, following the approval of creditors, includes a £10m equity raise and delisting from the stock market. Founder Julian Dunkerton will underwrite the equity raise, which the company believes will provide sufficient liquidity for its…
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17 JuneClothing & Shoes
YNAP closes China operations
Yoox-Net-A-Porter has shut down its operations in China as it looks to focus on more profitable markets according to reports from The Financial Times. The company’s ecommerce platforms, which are run as a joint venture with Alibaba, will be liquidated. Owner Richemont stated that the decision was made as a…
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