Mytheresa has received final regulatory approval from the European Commission to acquire YNAP from Richemont, with the deal set to close on April 23, 2025.
The merged group, LuxExperience B.V., will include Mytheresa, Net-A-Porter, Mr Porter, Yoox and The Outnet.
Mytheresa aims to build a €4 billion (~$4.56 billion) GMV luxury platform, with profitability expected after a 24–36 month restructuring.