The European Commission was the last regulatory body to green light the deal, which will see Mytheresa buy 100 percent of YNAP in its bid to build a leading, global, multibrand digital luxury group.

Richemont said on Wednesday that Farfetch would acquire a 47.5% stake in the luxury goods group's loss-making online fashion retailer YOOX Net-A-Porter (YNAP) and said Alabbar would take 3.2%.

The deal allows Richemont to part ways with YNAP, of which it took control in 2018. The Swiss luxury group has been seeking a buyer for YNAP in recent years after the business struggled to turn a ...

The European Commission (EC) has granted online luxury fashion retailer Mytheresa unconditional clearance for the acquisition of YOOX Net-A-Porter (YNAP) from Richemont Italia. Mytheresa and ...

Luxury multi-brand digital platform Mytheresa has signed a definitive agreement to acquire the entire share capital of online luxury and fashion retailer YNAP from Swiss conglomerate Richemont.

The Richemont-YNAP agreement gives it a giant leap forward to that goal. Likewise, it will take time for investors to figure out what it will mean for the luxury industry over the long term.

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 ...

Mytheresa just struck a deal to acquire Yoox Net-A-Porter (YNAP) from luxury powerhouse Richemont, owner of Cartier, Piaget, Chloé, Montblanc and more. Mytheresa has favorable winds at its back ...

Mytheresa (NYSE:MYTE) to acquire 100% of the share capital of YNAP, from Richemont (OTCPK:CFRUY), with a cash position of €555M and no financial debt in exchange for shares to be issued by ...

KUALA LUMPUR, Oct 7 (Bernama) -- MYT Netherlands Parent B.V. (Mytheresa) and Richemont announced they have entered into binding agreements for the acquisition of 100 per cent of the share capital of ...