LuxExperience news and archive

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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Business

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...

People

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...