Mytheresa acquires Yoox Net-a-Porter Group shares
The company is set to become the world’s largest luxury e-commerce platform
Online platform Mytheresa is set to acquire 100% of Yoox Net-a-Porter Group (YNAP) shares from Richemont, making it the largest luxury e-commerce platform in the world.
According to the official statement, Richemont will sell YNAP to Mytheresa in exchange for shares, along with a cash balance of 555 million euros and zero financial debt. These shares will be issued by Mytheresa, representing 33% of the total share capital of the company.
Richemont, a Swiss holding company specializing in luxury goods, owns renowned brands such as Cartier, Chloe, Alaïa, and Van Cleef & Arpels.
