Mytheresa Acquires Yoox Net-a-Porter For $608M

RetailMarketplace
Written By Rick Watson

Mytheresa is a luxury e-commerce platform founded as a boutique in 1987. Mytheresa launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear, kidswear and lifestyle products.

Luxury e-commerce platform Mytheresa has acquired Yoox Net-a-Porter for €555M ($608M) from Richemont, who will receive a 33% equity stake in Mytheresa. Richemont will also be able to nominate a member to the Mytheresa board and grant a six-year revolving credit of €100 million to assist with YNAP's general expenses. The luxury sector seeing consolidation is a sign of the times, right?

Fashionista: Mytheresa Acquires Yoox Net-a-Porter

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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