Richemont sells Yoox Net-A-Porter for $610M

By  
Artur Stańczuk
October 13, 2024
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Summary:

Richemont sold Yoox Net-A-Porter (YNAP) to Mytheresa for $610M, securing a 33% stake in Mytheresa. The transaction is expected to close in 2025. Richemont also provides YNAP a $106M credit for 6 years.

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