Myt Netherlands Parent B V Stock Price, News & Analysis

Mytheresa (NYSE:MYTE) has announced key upcoming events and changes following its YNAP acquisition. The company will release its third quarter fiscal year 2025 financial results on May 14, 2025, followed by an earnings call at 8:00am ET.

A strategic update call regarding the newly formed LuxExperience group structure will be held on May 15, 2025 at 8:00am ET, discussing key initiatives and future direction. Effective May 1, 2025, MYT Netherlands Parent B.V. will be renamed to LuxExperience B.V. and will trade under the new ticker symbol 'LUXE' on NYSE.

Management will participate in three upcoming investor conferences: Morgan Stanley Luxury Conference (Paris, May 20-21), BofA Consumer Apparel & E-Commerce virtual Fieldtrip (May 28), and TD Cowen Future of the Consumer Conference (New York, June 3-4).

MYT Netherlands Parent B.V. has announced its rebranding to LuxExperience B.V., with plans to trade under the new ticker symbol 'LUXE' on the New York Stock Exchange starting May 1, 2025. The company will unite several luxury retail platforms including Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET under the LuxExperience umbrella, offering curated selections from prestigious luxury brands with enhanced market reach.

MYT Netherlands Parent B.V. (NYSE:MYTE) has announced a new senior leadership team following its acquisition of YOOX NET-A-PORTER, set to take effect on April 23, 2025. The company will be renamed to LuxExperience B.V. and will unite iconic luxury brands including NET-A-PORTER, MR PORTER, YOOX, THE OUTNET, and Mytheresa under one umbrella.

The restructuring features dedicated management teams for each store brand to maintain their unique identities, while consolidating group-level functions for enhanced efficiency. Key appointments include:

• Michael Kliger continuing as Group CEO
• Martin Beer as Group CFO
• Heather Kaminetsky as CEO of NET-A-PORTER
• Toby Bateman returning as CEO of MR PORTER
• Mirko Nobili promoted to CEO of YOOX
• Sabah Naqushbandi continuing as Managing Director of THE OUTNET

The reorganization aims to create a leading luxury multi-brand digital group, focusing on customer experience and improved profitability through shared infrastructure in technology, operations, and analytics.

Mytheresa (NYSE:MYTE) has received final regulatory clearance from the European Commission to acquire YOOX NET-A-PORTER (YNAP) from Richemont, with the transaction set to close on April 23, 2025. The combined entity will be named LuxExperience B.V., bringing together Mytheresa, NET-A-PORTER, MR PORTER, YOOX, and THE OUTNET brands.

The deal structure includes Richemont receiving a 33% stake in Mytheresa's fully diluted share capital and providing YNAP with a €555m cash position and a €100m revolving credit facility. The combined business aims to reach €4 billion in GMV annually with >8% Adj. EBITDA margin in the medium term. The restructuring is expected to take 24-36 months.

The brands will maintain their individual identities while sharing central infrastructure. The off-price division (YOOX and THE OUTNET) will be separated from the luxury division for operational efficiency.

Mytheresa (NYSE: MYTE) reported strong Q2 FY25 financial results with net sales growth of 13.4% reaching €223.0 million. The luxury multi-brand digital platform demonstrated robust performance with notable metrics including:

- GMV growth of 11.9% to €244.7 million
- Outstanding Average Order Value increase of 9.5% to €736
- Gross Profit margin improvement of 110 basis points to 50.9%
- Adjusted EBITDA of €16.2 million with 7.3% margin
- Strong US market expansion with 17.6% growth

The company announced plans to acquire YOOX Net-A-Porter Group (YNAP) with a €555m cash position and no financial debt, with Richemont receiving 33% of Mytheresa's shares. The company maintains its FY25 guidance with expected GMV and Net Sales growth of 7-13% and Adjusted EBITDA margin of 3-5%.

Mytheresa (NYSE: MYTE) announces plans to rename itself to LuxExperience B.V. as part of its acquisition of YOOX NET-A-PORTER (YNAP). The company will trade under the new ticker symbol 'LUXE' on the NYSE, pending shareholder approval at an Extraordinary General Meeting scheduled for March 6, 2025.

The combined entity will unite several prestigious digital luxury brands: NET-A-PORTER (founded 2000), Mytheresa (2006), MR PORTER (2011), YOOX (2000), and THE OUTNET (2009). Each brand maintains distinct characteristics while sharing core values of customer focus, curation, and creating unique shopping experiences.

The transaction is expected to close in the first half of 2025, subject to antitrust approvals and customary conditions.

Mytheresa (NYSE: MYTE) has announced the nomination of Burkhart Grund, Richemont's CFO, to its Supervisory Board. This nomination is contingent upon the completion of Mytheresa's acquisition of YOOX NET-A-PORTER (YNAP), announced on October 7, 2024. The proposal will be presented for shareholder approval at an Extraordinary General Meeting on March 6, 2025.

The YNAP acquisition, which includes NET-A-PORTER, MR PORTER, YOOX, and THE OUTNET brands, aims to create a leading global multi-brand digital luxury group. As part of the deal, Richemont gained the right to nominate a board member. Grund, who joined Richemont in 2000, has served as Group CFO since 2017.

The Supervisory Board will expand to eight members, maintaining a majority of independent directors under NYSE and Dutch Corporate Governance Code standards. The transaction's closing is expected in the first half of 2025, subject to antitrust approvals.

Mytheresa (NYSE:MYTE) has scheduled its second quarter fiscal year 2025 earnings release and conference call. The company will announce financial results for the quarter ended December 31, 2024, before U.S. market open on February 11, 2025, followed by a conference call at 8:00am Eastern Time.

Investors can participate via webcast through Mytheresa's Investor Relations website or by telephone. The conference call replay will be available through February 18, 2025. Additionally, CFO Martin Beer will attend two upcoming investor conferences: the BofA Securities Consumer and Retail Conference in Miami (March 11-12, 2025) and the J.P. Morgan Retail Round Up in New York (April 2-3, 2025).

Luxury e-commerce platform Mytheresa (NYSE: MYTE) has announced its participation in the upcoming ICR Conference 2025 in Orlando, Florida. CEO Michael Kliger will attend the event in person on January 13-14, 2025, featuring in a fireside chat scheduled for 11am ET on January 13.

The CEO will be available for one-on-one and small group meetings during the conference. Interested parties can access both the live webcast and replay of the fireside chat through Mytheresa's investor relations website.