LuxExperience is on track to establish itself as a leading player in global luxury e-commerce. Following Mytheresa’s acquisition of Yoox Net-a-Porter (YNAP), which was completed on April 23, the newly formed parent company is already the largest provider in terms of company size. However, the group, previously known as MYT Netherlands Parent BV,...
6 hours ago
Luxury online retailer Mytheresa is taking a more cautious view of the current financial year, despite “solid growth” in the third quarter. Mytheresa's revenues increased by 3.8 percent to 242.5 million euros compared to the same period last year. Gross merchandise volume also grew by 3.8 percent to 261.3 million euros. “The results for the...
14 May 2025
E-commerce specialist Yoox Net-a-Porter (YNAP) now officially has a new owner. On Thursday, Munich-based fashion retailer Mytheresa and Swiss luxury goods group Compagnie Financière Richemont SA (Richemont) announced the completion of their transaction agreed last autumn. Accordingly, MYT Netherlands Parent BV, the listed parent company of...
24 Apr 2025
Yoox Net-A-Porter (YNAP) has announced a number of new members joining its Fashion Leap for Climate, an educational initiative launched in 2022 alongside About You and Zalando designed as a response to the fashion industry’s climate challenge. British e-tailer Asos, Swedish footwear retailer Boozt and the Selfridges Group, the parent company to...
16 Dec 2024
Luxury e-tailer Net-a-Porter has launched a ready-to-wear luxury capsule collection with The King’s Foundation designed by six fashion graduates at the foundation’s headquarters, Dumfries House in Ayrshire, Scotland. The 13-piece ‘Net-a-Porter for The King’s Foundation’ collection has been inspired by nature and Her Majesty Queen Victoria’s...
2 Sept 2024
Luxury fashion e-tailer Yoox Net-a-Porter (YNAP) is believed to be in the process of closing up shop in China as it looks to put more emphasis on markets it deems more profitable. The decision was confirmed by a spokesperson for the retailer’s parent company Richemont, who told the Financial Times that the move came as part of a wider global...
17 Jun 2024
Online retailer Mytheresa is understood to be among the potential bidders looking to snap up rival e-commerce business Yoox Net-a-Porter (YNAP) from luxury group Richemont. According to sources for the Financial Times (FT), German-based Mytheresa is in competition with private equity firms Bain Capital and Permira for the struggling e-tailer....
4 Apr 2024
Online luxury retail group Yoox Net-a-Porter has launched its first virtual try-on experience for apparel for Mr Porter’s private label for menswear Mr P. The pilot aims to utilise virtual try-on technology to offer customers a bespoke and seamless way to determine their best size and fit for designs within the Mr P. collection. The technology...
22 Feb 2024
Farfetch’s future, following the finalisation of its agreement with Richemont in regards to the acquisition of Yoox Net-a-porter (YNAP), has concerned the market. Will José Neves, founder of Farfetch, be able to bounce back? The Richemont group can breathe easy. The green light given to the deal at the end of October by the European Commission's...
21 Nov 2023
Now in their second year of collaboration, Yoox Net-a-Porter (YNAP) and Zalando, together with German fashion retailer About You, are set to expand on their ongoing ‘Fashion Leap for Climate’ initiative with a refresh of their educational platform. The three online retailers will be growing their co-created platform by inviting 250 brand...
14 Jul 2023
Online luxury and fashion retailer Yoox Net-a-Porter (YNAP) has announced the appointment of Celine Lefebvre as general manager for the Middle East with effect from 23rd May 2023. Lefebvre brings more than 20 years of experience in global brand management, sales, marketing and business development and joins YNAP from self-founded consultancy...
18 May 2023
Luxury online retail group Yoox Net-A-Porter is launching its first dedicated customer care and repair service in partnership with clothing repairs and alterations service The Seam. The ‘Repair & Rewear’ scheme will offer clothing alterations and repairs, bespoke customisations, and care and repair for handbags, footwear, and jewellery, as the...
1 Feb 2023