LuxExperience news and archive

Net-a-porter: London workers to vote on strike action

“Employees at Net-a-porter are to vote on strike action after the company’s management went back on its commitment to pay the London living wage,” according to a statement from the Gmb union, which has 500,000 members in the UK. More than 100 workers at the luxury retailer's Charlton warehouse, which is part of LuxExperience, will decide whether...

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LuxExperience: Mytheresa remains growth engine

LuxExperience, the parent company of German luxury retailer Mytheresa, has reported strong sales growth for the second quarter of 2025/26 and confirmed that the integration of the Yoox Net-A-Porter (YNAP) platforms remains on schedule. During the three months ending December 31, 2025, the Mytheresa segment generated revenue of 242.70 million...

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Yoox redundancies significantly reduced following MIMIT agreement

The collective redundancy procedure affecting Yoox employees has been withdrawn after an agreement reached at Italy’s Ministry of Enterprise and Made in Italy (MIMIT), substantially lowering the number of job losses. The settlement has reduced the planned structural redundancies by approximately 70 positions, marking a major improvement over the...

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LuxExperience appoints Francis Belin as CEO of Mytheresa

German fashion retailer Mytheresa is preparing for a change in leadership. On Tuesday, listed parent company LuxExperience B.V. (LuxExperience) announced the appointment of Francis Belin as CEO of Mytheresa. He will assume his new role on January 1, 2026. Belin succeeds Michael Kliger. As group CEO of LuxExperience, Kliger will remain...

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LuxExperience: Mytheresa increases quarterly revenue by 12 percent

Online fashion retailer Mytheresa achieved a double-digit revenue increase in the first quarter of the 2025/26 financial year and significantly improved its earnings. This information was published by parent company LuxExperience B.V. in an interim report on Wednesday. The group also reported progress in integrating the Yoox Net-a-Porter (YNAP)...

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LuxExperience to sell The Outnet assets in 30 million dollar deal

LuxExperience – the luxury group formed following Mytheresa’s acquisition of Yoox Net-a-Porter (YOOX) – has announced that it has entered into an agreement with The O Group LLC to sell the set of assets that power multibrand platform The Outnet. The deal, to be made for a cash consideration of 30 million dollars, includes the relevant brand...

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LuxExperience FY25: Mytheresa drives growth amid restructuring

LuxExperience B.V., the leading luxury multi-brand digital platform, has announced its financial results for the fourth quarter and full fiscal year 2025. The company's core Mytheresa business reported strong growth, with net sales increasing by 11.5 percent in the fourth quarter to 248.9 million euros, and by 8.9 percent for the full fiscal...

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Net-a-porter revamps leadership: Heather Kaminetsky appointed managing director

Heather Kaminetsky has been named chief executive officer of online fashion retailer Net-a-Porter. She confirmed her appointment in a LinkedIn post. Kaminetsky previously served as vice president of global marketing at Net-a-Porter and, most recently, as president of North America at MyTheresa. Alongside Kaminetsky, several other seasoned...