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Home»Posts Tagged "ynap"

Browsing: ynap

News

Richemont Sells YNAP to Mytheresa, Forming a Global Luxury Digital Group

By Sam Allcock07/10/20240

In a significant move within the luxury e-commerce sector, Richemont has entered into a binding agreement to sell 100% of its share in Yoox Net-a-Porter (YNAP) to online luxury retailer Mytheresa. This deal, anticipated to close in the first half of 2025, will see Richemont receive shares in Mytheresa representing 33% of the retailer’s fully diluted share capital, as well as a cash position of €555 million for YNAP, which will be left debt-free. Richemont will also extend a €100 million revolving credit facility to YNAP to cover its operational needs. Mytheresa, renowned for its curated collection of high-end fashion,…

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Latest Stories

What is a cowboy steak and why is it trending in the UK right now? A culinary expert reveals all on the latest food trend  

By Lucy Contrino

The Costliest UK Postcodes for Getting to Work

By Lucy Contrino

Essex Film Maker’s Blatella Films continue to make their mark globally!

By Lucy Contrino
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