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PR●Press Release IndiaTHE BUSINESS ANNOUNCEMENT WIRE
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NEWSROOM / INDIA

October 2024

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MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 7 OCTOBER 2024 Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments Mytheresa to issue shares to Richemont representing 33% of Mytheresa’s