Johann Rupert’s Richemont finalizes YNAP divestment to Mytheresa
Richemont finalizes $609.7 million YNAP divestment to Mytheresa, marking a major shift in luxury e-commerce and boosting Mytheresa’s global market position.
Mytheresa
Johann Rupert’s Richemont gains approval to sell YNAP to Mytheresa
The deal, executed through Richemont’s subsidiary Richemont Italia Holding S.P.A., is set to close on Apr. 23, 2025.
Richemont to divest YNAP to Mytheresa for $609.7 million
This strategic move follows Richemont’s efforts to enhance YNAP's profitability in the fiercely competitive online luxury retail market.