LuxExperience has agreed to sell the assets powering The Outnet platform to The O Group LLC for $30 million.
The deal includes brand rights, inventory, customer data, and key staff in the US and UK.
Expected to close in early 2026, the move aligns with LuxExperience’s plan to simplify operations and focus on strengthening its Yoox and Net-a-porter businesses.
The deal includes brand rights, inventory, customer data, and key staff in the US and UK.
Expected to close in early 2026, the move aligns with LuxExperience’s plan to simplify operations and focus on strengthening its Yoox and Net-a-porter businesses.
