troubled Yoox Net-a-porte— which is currently in a quiet period and will report its interim results for fiscal 2024-25 on Nov. 8 — also did not return a request for comment at press time.Mytheresa Takes a Trip to Italy With Exclusive Collections From Moncler, Tod's and Loro Piana Kliger said Mytheresa’s second half benefited from the difficulties experienced by competitors, particularly those operating luxury websites.
“Matches went out of business. Farfetch switched ownership and has been cutting costs. Net-a-porter continues to struggle,” he said.
Considering the weak financial position of YNAP, and Richemont’s past unsuccessful attempts to divest YNAP, it’s likely Mytheresa could work out a low-cost deal here. Furthermore, the deal would also establish Mytheresa as among the few remaining multibrand luxury websites, along with saks.com, bergdorfgoodman.
com and neimanmarcus.com, which are all due to be under the same corporate ownership once Hudson’s Bay Co. completes its acquisition of Neiman Marcus and mergers it into Saks.
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