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Date Posted: Monday 7th October 2024
Luxury e-commerce platform Mytheresa and luxury goods company Richemont have announced that they have signed an agreement for Mytheresa to acquire Italian online fashion retailer YOOX NET-A-PORTER to create a leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa. Together, the different storefronts cover the market with differentiated positionings, including brand portfolio, customer and geographical focus, while sharing the strategic positioning towards high-end customers.
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