Mytheresa secures EC nod for YNAP acquisition [Yahoo! Finance]
COMPAGNIE FNCE RCH UN/ADR (CFRUY)
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Source: Yahoo! Finance
Mytheresa and Richemont have now secured all the necessary consents from regulatory bodies and anticipate finalising the deal on 23 April 2025. The two entities entered a definitive agreement on 7 October 2024, permitting Mytheresa to acquire the entire share capital of YNAP. Online retailer YNAP has around four million high-spending customers and more than 900 million site visitors worldwide. It delivers to more than 170 countries globally, operating in China, Hong Kong SAR, Japan, Europe, the Middle East and the US. In January 2025, Mytheresa disclosed its intention to rebrand as LuxExperience, coinciding with its proposed acquisition of YNAP. The new LuxExperience brand will encompass Mytheresa, Net-A-Porter, Mr Porter, YOOX and The Outnet, providing a selection of high-end brands to a wide-reaching luxury consumer base. Mytheresa and Richemont will provide more information about their integration strategy at a later stage. Mytheresa CEO Michael Kliger stated: “We are
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