MyTheresa Finalizes Yoox Net-a-Porter Acquisition

On Thursday, Mytheresa finalized its acquisition of Yoox Net-a-Porter from Richemont, through its subsidiary Richemont Italia Holding S.P.A. Mytheresa is now YNAP’s sole shareholder. In exchange for all shares of YNAP and a net cash position of €555 million (about $631.8 million) and no financial debt, Richemont has received 49,741,342 shares in Mytheresa, representing 33% of Mytheresa’s fully diluted share capital post issuance of the consideration shares.

MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont Announce the Successful Completion of Mytheresa’s Acquisition of YOOX NET-A-PORTER (“YNAP”) [press release]

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