Mytheresa Set to Acquire YNAP

LuxuryRetailMergers and Acquisitions
Written By Alex Garcia

Mytheresa is set to acquire Yoox-Net-a-Porter from Richemont in exchange for a 33% stake in Mytheresa. Richemont will transfer YNAP with a cash position of EUR 555, and no financial debt. Both Net-a-porter and Mr. Porter are profitable and will be integrated into the Mytheresa’s newly built proprietary platform. The acquisition will enable Mytheresa to expand in the US and China, where Net-a-porter has a stronger market share, as well as local distribution centers.

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Alex Garcia
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