Multi-brand luxury group LuxExperience has announced it has entered into a binding agreement to sell the set of assets powering THE OUTNET.COM platform to The O Group LLC. 

THE OUTNET operates as an online destination for luxury fashion from previous seasons. Founded in London in 2009, THE OUTNET has since then offered customers unrivalled access to expertly curated, past-season luxury fashion at exceptional prices. LuxExperience recently acquired THE OUTNET as part of the former YOOX NET-A-PORTER business, which together with YOOX forms its off-price segment.

Transaction is expected to enable THE OUTNET to achieve its full potential under a renewed independent, stand-alone business model. The divestment of THE OUTNET Assets allows LuxExperience to focus off-price resources on its YOOX business and accelerate the overall transformation plan in regards to an efficient infrastructure platform for NET-A-PORTER and MR PORTER. 

THE OUTNET assets to be transferred will include the relevant brand rights, customer data, full inventory and the USA distribution centre as well as required work-force in the USA and the UK employees.

Closing of the transaction is expected in Q1 2026, subject to certain closing conditions, including customary regulatory approvals and payment of the purchase price, which is subject to adjustment based on inventory levels at closing. 

For more information, visit luxexperience.com.