Yoox Net-a-Porter’s New Owner Reveals Plan for Profitability

Now that Richemont has offloaded the online luxury group Yoox Net-a-Porter, the e-tailers’ loss-making will be Mytheresa’s problem.

In an investor call on Thursday, LuxExperience, the new luxury group that combines Mytheresa and Yoox Net-a-Porter, said that Net-a-Porter and Mr Porter’s combined net sales dropped 11 percent to €1.2 billion ($1.3 billion) in 2024 and is on track to fall another 11 percent to €1 billion in 2025. Their off-price companions, Yoox and The Outnet, saw…