MYT Netherlands Parent BV - ADR Stock News

MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont  announce the successful completion of Mytheresa's acquisition of YOOX NET-A-PORTER (“YNAP”)

MUNICH & GENEVA--(BUSINESS WIRE)--Mytheresa (NYSE:MYTE) successfully closed its acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A., following the fulfillment of all conditions including receipt of all unconditional approvals from the relevant regulatory authorities. Mytheresa is now YNAP's sole shareholder which it will fully consolidate under t...

MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE:MYTE) (“Mytheresa”) today announced the date for the release of its third quarter fiscal year 2025 ended March 31, 2025 financial results. Third Quarter Fiscal Year 2025 Earnings Call and Webcast Mytheresa will release third quarter fiscal year 2025 financial results before the U.S. market open on May 14, 2025. A conference call to disc...

MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. today announced that it is changing its name to LuxExperience B.V. and will begin trading under a new ticker symbol, “LUXE”, on the New York Stock Exchange on May 1, 2025. Under the umbrella of “LuxExperience B.V.”, the brands Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET will offer highly curated and strongly differentiated selecti...

MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE:MYTE) (the "Company") announces a new senior leadership team for the combined group effective upon closing of the acquisition of YOOX NET-A-PORTER. The new leadership team has been nominated to drive and create the leading, luxury multi-brand digital group for true luxury enthusiasts around the globe. The new group will encompass some o...

MUNICH & GENEVA--(BUSINESS WIRE)--Today, Mytheresa (NYSE:MYTE) received the unconditional merger control clearance from the European Commission for the acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A.. Mytheresa and Richemont have now received all other necessary approvals from regulatory authorities and plan to close the transaction on 23 Apr...

MYT Netherlands Parent B.V. (“Mytheresa”) receives final regulatory clearance to acquire YOOX NET-A-PORTER (“YNAP”) from Richemont, with closing planned for 23 April 2025

MYT Netherlands Parent B.V. is acquiring YOOX-Net-a-Porter (YNAP) from Richemont, aiming to become a $4 billion GMV luxury e-commerce giant by 2030. Richemont will provide MYTE with a $106 million working capital facility and $590 million in cash, minimizing MYTE's financial risk in the acquisition. MYTE's disciplined inventory management and high-end customer focus position it well to turn aro...