Mytheresa Acquires Yoox Net-a-Porter

Luxury e-tailer Mytheresa has successfully acquired the entirety of competing platform Yoox Net-a-Porter (YNAP) from its former owner Richemont in a €555 million cash and no-financial-debt deal. In exchange for 100% of YNAP, Richemont will receive a 33% equity stake in Mytheresa. A ...

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