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Business

Mytheresa posts positive Q1 results

Mytheresa’s net sales for the first quarter increased by 7.6 percent to 201.7 million euros, while GMV growth was 6.3 percent to 216.6 million euros compared to the same quarter of FY24. The company’s gross profit margin of 43.9 percent, improved 150bps and profitability by 200bps at adjusted EBITDA margin level of 1.4 percent compared to...

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Mytheresa closes the deal to acquire YNAP from Richemont

Mytheresa has acquired 100 percent of the share capital of Yoox Net-A-Porter Group (YNAP). At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of 555 million euros and no financial debt. Richemont will also make available a six-year revolving credit facility of 100 million euros to finance YNAP’s general corporate...

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