- Luxury Roundtable - https://www.luxuryroundtable.com -

In merger of luxury ecommerce rivals, Mytheresa acquires Yoox Net-A-Porter from Richemont

Net-A-Porter was once the darling of the luxury ecommerce world. Image credit: Net-A-Porter Net-A-Porter was once the darling of the luxury ecommerce world. Image credit: Net-A-Porter

 

Online retailers and Richemont have signed an agreement for Mytheresa to acquire Yoox Net-A-Porter to create a leading, global, multi-brand digital luxury group in exchange for a 33 percent equity stake in Mytheresa.