german luxury e-commerce company mytheresa announced the acquisition of yoox net-a-porter, once the world's largest luxury e-commerce company
2024-10-07
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[german luxury e-commerce platform mytheresa announced the acquisition of yoox net-a-porter, once the world's largest luxury e-commerce platform] china finance news, october 7 (xinhua) -- german luxury e-commerce platform mytheresa announced the acquisition of yoox from richemont group on october 7. all shares of net-a-porter. according to the acquisition agreement, richemont group will sell yoox net-a-porter for 555 million euros without overlapping debt. in the future, it will also provide a six-year and cumulative credit fund of 100 million euros to meet yoox net-a-porter's general needs. sexual business expenses. mytheresa plans to integrate the luxury goods department of yoox net-a-porter internally in the future and operate mytheresa, net-a-porter and mr porter at the same time. the discount platforms yoox and the outnet will be split. in 2022, richemont group announced that it would sell yoox net-a-porter to farfetch, another luxury e-commerce platform, but due to the latter's financial condition deteriorating in 2023, the transaction was eventually canceled.