Mytheresa completed the acquisition of YNAP from Richemont for €555m.

Mytheresa, a luxury multi-brand digital platform, completed the acquisition of YNAP, an Italian online fashion retailer, from Richemont, a Swiss-based jewelry company, for €555m. “The successful acquisition marks a milestone in the great success story of Mytheresa. Our company will become a group that includes some of the best retail banners in digital luxury. We will use our proven strength to execute on our strategic plans and create even more value for our shareholders, brand partners, customers and employees. We are confident that in the course of the integration and restructuring we will become one of the strongest and most resilient global players in the digital luxury sector,” Nora Aufreiter, MYT Netherlands Parent B.V. Chair of the Supervisory Board.