Mytheresa news and trends

Mytheresa Credits ‘High-Spending’ Shoppers for 13% Sales Growth

February 11, 2025
Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
Retail // October 11, 2024

The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down on collaboration to fortify their positions. This week, Mytheresa announced its acquisition of YNAP from Richemont, with the goal of...

Richemont Hands Off YNAP to Mytheresa for $608 Million
eCommerce // October 07, 2024

Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a monthslong search by Richemont for a new owner for Yoox Net-a-Porter (YNAP). “Mytheresa and YNAP have each earned a strong...

Mytheresa Leans into Digital Experiences and Global Events
Earnings // September 12, 2024

For Mytheresa CEO Michael Kliger, there was no doubt about his company’s performance during the fourth quarter and fiscal year. “We clearly see ourselves as a winner in the consolidated luxury space,” he told analysts and investors during the company’s fourth-quarter and full-year earnings call on...

Brands and Retailers Summer in the Hamptons With Luxury Pop-Ups
Retail // July 06, 2024

As the summer season heats up, wealthy vacationers from the Northeast are getting in their cars and heading out to the Hamptons for seasonal luxury, and high-end fashion brands and retailers are seizing on the opportunity to engage these valuable customers. For instance, online luxury...

Interviews & Exclusives
Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty

October 11, 2024
The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down on collaboration to fortify their positions. This week, Mytheresa announced its acquisition of YNAP from Richemont, with the goal of creating a leading global digital luxury group. This move will […]

MyTheresa Pivots to Savvy Shoppers With Serious Spending Power

November 28, 2023
Although the aspirational shopper appears to have paused extravagant spending, MyTheresa is cashing in on the enthusiasm of savvy shoppers who still have some serious shopping power. In its latest...

Why a VIP Membership at Luxury Department Store Harrods Will Cost Shoppers $21,000

July 19, 2023
While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not only marks the luxury retailer’s...

Quick Reads
Mytheresa Credits ‘High-Spending’ Shoppers for 13% Sales Growth

February 11, 2025
Online luxury fashion retailer Mytheresa says “high-spending, wardrobe-building” consumers helped drive a strong quarter. The Dutch company on Tuesday (Feb. 11) released earnings showing sales up a little more than 13% for the quarter, with CEO Michael Kliger praising the efforts of “big spenders” in markets such as the U.S. and Europe. “We continue to […]

Richemont Hands Off YNAP to Mytheresa for $608 Million

October 07, 2024
Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a monthslong search by Richemont for...

Mytheresa Aims to Be ‘Winner’ of Luxury eCommerce Downturn

May 05, 2024
If the luxury eCommerce space is tumbling down, Mytheresa plans to come out on top. “I think there is an understanding in the market that the industry is consolidating, and that there are...

Luxury Retailers Say Slowdown Is a Sign of ‘Normalization’

July 30, 2023
After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline.  For years, luxury retailers enjoyed a post-pandemic boom thanks to shoppers in China and the...