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Mytheresa on Monday announced it would acquire its competitor Yoox-Net-a-Porter for €555 million ($609 million) from Swiss conglomerate Richemont, perhaps the most significant deal yet in a year of upheaval for luxury retail that has left few of the category’s major players untouched.
The deal, slated to close in the first half of 2025, would bring together the German Mytheresa, which has built a profitable business catering to ultra-high-net-worth shoppers, with the larger Net-a-Porter,…
