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Stock impact report

MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in ex...

MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share (MYTE) 
Company Research Source: Business Wire
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR7 OCTOBER 2024Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustmentsMytheresa to issue shares to Richemont representing 33% of Mytheresa’s fully diluted share capitalRichemont to provide a €100m revolving credit facility to YNAPClosing of transaction expected in H1 2025, subject to customary conditions, including regulatory approvalsTransaction creates multi-brand digital group of significant scale, global reach as well as exceptional customer centricity MUNICH & GENEVA, Switzerland--(BUSINESS WIRE)--Today, Mytheresa (NYSE:MYTE) and Richemont (SWX:CFR) announce that they have entered into binding agreements for the acquisition of 100% of the share capital of YNAP by Mytheresa. The transaction aims to create a leading, global, multi-brand digital luxury group offering a highly curated and strongly differentiated edit of the most prestigious luxury brands and product Show less Read more
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