Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a monthslong search by Richemont for a new owner for Yoox Net-a-Porter (YNAP). “Mytheresa and YNAP have each earned a strong...
If the luxury eCommerce space is tumbling down, Mytheresa plans to come out on top. “I think there is an understanding in the market that the industry is consolidating, and that there are some winners and some losers,” Michael Kliger, the company’s CEO, told the Financial Times (FT) Sunday...
Matchesfashion has officially changed hands. Frasers Group, the British retail conglomerate, has acquired the luxury multibrand retailer for £52 million ($65 million) from private equity firm Apax Partners. Apax had purchased Matches in 2017 from its founders, Tom and Ruth Chapman, in a deal valued at...
LVMH Moët Hennessy Louis Vuitton is ready to launch a multibrand luxury eCommerce site that falls under the branding umbrella of Le Bon Marché, the company’s upmarket department store. According to The New York Times, 24 Sèvres, a boutique shopping website and mobile app named...
October 07, 2024
Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a monthslong search by Richemont for a new owner for Yoox Net-a-Porter (YNAP). “Mytheresa and YNAP have each earned a strong reputation in the luxury industry for their pioneering roles in […]
May 05, 2024
If the luxury eCommerce space is tumbling down, Mytheresa plans to come out on top. “I think there is an understanding in the market that the industry is consolidating, and that there are...
May 11, 2017
LVMH Moët Hennessy Louis Vuitton is ready to launch a multibrand luxury eCommerce site that falls under the branding umbrella of Le Bon Marché, the company’s upmarket department store. According...
