Trending News: Demand for land in industrial zones remains highMARA Steps In To Ensure Student Can Sit For UKKM, IGCSE TestsElderly Woman Among Five Mule Account holders Nabbed In PenangSungai Siput Flood Leaves Residents Facing Heavy Financial LossesNajib Withdraws Appeal Against US$681 Million Mareva Injunction Obtained By 1MDBGovt Will Streamline ECER Development Framework — PM AnwarWorldline and FinbotsAI Team up to put AI Credit Modelling in the Hands of Financial Institutions.Cooperatives Provide Affordable Financial Services, Comply With Regulations – AngkasaAbu Dhabi Gears Up For Season 2 of The Autonomous Racing League: Returns With New Teams, Upgraded Autonomous Super Formula Model, And US$ 2.25 Million Prize PotMelaka To Strengthen Flood Mitigation Strategies With Comprehensive StudySeveral Areas In KL Inundated Due To Continuous DownpourDOE Detects Illegal Chemical Waste Dump In Bukit Pelanduk, Port DicksonMetMalaysia Issues Thunderstorm Warning For Six States, KL, Putrajaya TodayCivil Service Transformation Needs To Cover Efficiency Of Development Planning – PM AnwarTiming Right For Malaysia To Introduce Used Cooking Oil FuturesBernamabiz News Portal Goes Live TodayBlueScope Launches ASEAN Awards Program to Celebrate Regional Excellence in Steel ArchitecturePalliative Care : More Than Just End-of-life SupportMPs Trapped In Flood: Dewan Rakyat Sitting Adjourned To 10.30 AmSelangor Latest State Affected By FloodsNACCOL Meeting Platform For Gov’t To Discuss Improving People’s Well-being – AnwarOver 470,000 SKSSR Contributors As At September – SimFire Chiefs To Share Best Practices On Solar Panel, Data Centre and EV At 2024 IFCEMIRB Urges More Companies To Participate In TCG Programme To Improve Tax ManagementGISBH: Use Of SOSMA Due To Involvement In Serious Crimes – SaifuddinHigh-intensity Squall Line Brings Thunderstorms, Heavy Rain, Causing Flooding In KlGovernment Committed To Facilitating Halal Certification For EntrepreneursControlled Release Of Water From Chenderoh Dam – TNBTiger Attack On Man Answering Call Of Nature In GerikLandslide Hits Taman Melawati Residents Amid Long-Standing ConcernsClogged Drains Cause Landslide In Taman Melawati – NantaM’sia Shares DRR Progress At APMCDRR In Manila – DPM Ahmad ZahidIndividual Loses RM3.46 Mln To Online Stock Investment ScamKioxia’s Latest XD8 Series Intended For Cloud, Hyperscale EnvironmentsMelaka Poised To Become EV Manufacturing HubSPA Expects To Receive 1.5 Million Applications By Year EndDTI urged to revoke licenses of substandard rebar makers, importersFBM KLCI Ends Higher On Buying In Selected StocksAntique water districts seek gov’t aid to expand servicesPenang Ready To Face Monsoon Transition, King Tide – Chief MinisterPH financial sector’s total resources up 9% in AugustGovt To Use PADU Data To Formulate Policies Under 12MP — Hanifah HajarPH Army proud of Marawi siege veteran for winning Nininger awardRehabilitation Action Plan For GISBH Members Involves Multiple AgenciesDepEd-Davao produces 34K tech-voc grads for SY 2023-2024Pahang Sultan Urges Civil Servants Not To Be Selective In Giving Aid To Flood VictimsDepEd: Familiarity with PISA test to improve learners’ performancePolice Have Started Investigating Companies Linlked To GISBH Overseas – Saifuddin NasutionBacolod City, Negros Occidental cleared of mpox casesFormer TV Personality Norjuma’s Case Set For Hearing Next YearRemittances from OFWs up anew in AugustPenang Confident LRT Mutiara Line Project Will Take Off Before End 2024Negros Occidental sets bulk water supply project bidding in NovemberKelana Jaya Line LRT Service Resumes After Temporary DisruptionBI: Wife of ex-Palace spox Harry Roque no longer in PHAsian Banking School Launches New Website that Harnesses AI to Enhance Customer Experience and Boost EfficiencyPISA, NAT results reveal learning gains among Caraga studentsMalaysia Should Seize Opportunity In Global Medical Devices Market – ChangConcio, Arca to meet in 4th round of Asia Juniors chess tourneyGovt To Build More Reservoirs As Part Of Flood Mitigation Plans – Fadillah YusofSenator wants higher honoraria, other benefits for poll workersShazalli Ramly Appointed PMO Media And Strategic Communications AdviserP115-M N. Cotabato bypass to ease traffic, boost economy: DPWHMohd Na’im Dismisses Claims Mufti Bill Hastily DraftedDSWD: Marcos admin focused on enhancing education, economyPolice Order 20 Houses Vacated Following Landslide In Taman MelawatiBill granting legislative franchise to Elon Musk’s Starlink PH pushedMelaka Targets 70 Pct GTP Area To Be Filled With Investors Within Two YearsP7-M illegal LPG tanks, refilling equipment seized in LagunaThunderstorms Expected To Hit 10 States, KL This EveningPractice proper handwashing to defend vs. diseases: DOHAbu Dhabi Autonomous Racing League To Return For Season 2 With Expanded Global RosterRomualdez highlights PH progress in SandT, innovation under PBBMLady Driver In Road Crash Resulting In Death Of Dungun UiTM Students Charged With MurderUAE firms plan to invest over P25-B in PHCops Nab Man, Seize Almost RM50 Mln Worth Of Yaba Pills, Heroin In KelantanPBBM admin to ensure uninterrupted gov’t services in Sulu: PangandamanTaylor Swift Immortalised In Giant Mural In Germany’s GelsenkirchenDOT positions PH as premier wellness destinationMPKu Urban Forest Gains Glowing Recognition From MBORPH, Aussie troops kick off ‘KASANGGA’ drills in CamSurSun Hung Kai Properties Hong Kong Cyclothon 2024 Wraps Up SuccessfullyBuCor: 20 prison workers sacked, 70 suspended under CatapangKL Areas Inundated Due To Heavy Rainfall – DBKL10 victims rescued in Quezon online prostitution dens raidOver 700 Enforcement Personnel Take Part In Sabah’s Act 852 Integrated Mega OpWeeklong ops net 166 drug suspects, P3-M illegal drugs in C. LuzonFlood: More Evacuees Reported In Perak, PahangUNSC bid to turn PH into ‘peacemaker’ in Western PacificGovernment To Look Into A ‘Scorecard’ For High-quality Investments – MITINorthern Samar expands facility for ex-rebels’ recoveryInvisalign® Palatal Expander System by Align Technology Now Available in Singapore for Skeletal and Dental Expansion in Growing PatientsGadgets seized from POGO hub in Cebu undergo digital forensic examHanoi’s real estate market: Mid-range segment dominates with 98% sharePCG slams corruption allegations by disqualified bidder1,667 C. Visayas workers get P55.1-M monetary awards via DOLE programLa Union teachers report easier workload under MATATAG curriculumPope OKs creation of Prosperidad diocese, names 1st bishopBudget 2025:MSMES Hope No New, Increase In TaxesDMW, TESDA ink deal to boost skills of OFWs
Thu. Oct 17th, 2024
Trending News: Demand for land in industrial zones remains highMARA Steps In To Ensure Student Can Sit For UKKM, IGCSE TestsElderly Woman Among Five Mule Account holders Nabbed In PenangSungai Siput Flood Leaves Residents Facing Heavy Financial LossesNajib Withdraws Appeal Against US$681 Million Mareva Injunction Obtained By 1MDBGovt Will Streamline ECER Development Framework — PM AnwarWorldline and FinbotsAI Team up to put AI Credit Modelling in the Hands of Financial Institutions.Cooperatives Provide Affordable Financial Services, Comply With Regulations – AngkasaAbu Dhabi Gears Up For Season 2 of The Autonomous Racing League: Returns With New Teams, Upgraded Autonomous Super Formula Model, And US$ 2.25 Million Prize PotMelaka To Strengthen Flood Mitigation Strategies With Comprehensive StudySeveral Areas In KL Inundated Due To Continuous DownpourDOE Detects Illegal Chemical Waste Dump In Bukit Pelanduk, Port DicksonMetMalaysia Issues Thunderstorm Warning For Six States, KL, Putrajaya TodayCivil Service Transformation Needs To Cover Efficiency Of Development Planning – PM AnwarTiming Right For Malaysia To Introduce Used Cooking Oil FuturesBernamabiz News Portal Goes Live TodayBlueScope Launches ASEAN Awards Program to Celebrate Regional Excellence in Steel ArchitecturePalliative Care : More Than Just End-of-life SupportMPs Trapped In Flood: Dewan Rakyat Sitting Adjourned To 10.30 AmSelangor Latest State Affected By FloodsNACCOL Meeting Platform For Gov’t To Discuss Improving People’s Well-being – AnwarOver 470,000 SKSSR Contributors As At September – SimFire Chiefs To Share Best Practices On Solar Panel, Data Centre and EV At 2024 IFCEMIRB Urges More Companies To Participate In TCG Programme To Improve Tax ManagementGISBH: Use Of SOSMA Due To Involvement In Serious Crimes – SaifuddinHigh-intensity Squall Line Brings Thunderstorms, Heavy Rain, Causing Flooding In KlGovernment Committed To Facilitating Halal Certification For EntrepreneursControlled Release Of Water From Chenderoh Dam – TNBTiger Attack On Man Answering Call Of Nature In GerikLandslide Hits Taman Melawati Residents Amid Long-Standing ConcernsClogged Drains Cause Landslide In Taman Melawati – NantaM’sia Shares DRR Progress At APMCDRR In Manila – DPM Ahmad ZahidIndividual Loses RM3.46 Mln To Online Stock Investment ScamKioxia’s Latest XD8 Series Intended For Cloud, Hyperscale EnvironmentsMelaka Poised To Become EV Manufacturing HubSPA Expects To Receive 1.5 Million Applications By Year EndDTI urged to revoke licenses of substandard rebar makers, importersFBM KLCI Ends Higher On Buying In Selected StocksAntique water districts seek gov’t aid to expand servicesPenang Ready To Face Monsoon Transition, King Tide – Chief MinisterPH financial sector’s total resources up 9% in AugustGovt To Use PADU Data To Formulate Policies Under 12MP — Hanifah HajarPH Army proud of Marawi siege veteran for winning Nininger awardRehabilitation Action Plan For GISBH Members Involves Multiple AgenciesDepEd-Davao produces 34K tech-voc grads for SY 2023-2024Pahang Sultan Urges Civil Servants Not To Be Selective In Giving Aid To Flood VictimsDepEd: Familiarity with PISA test to improve learners’ performancePolice Have Started Investigating Companies Linlked To GISBH Overseas – Saifuddin NasutionBacolod City, Negros Occidental cleared of mpox casesFormer TV Personality Norjuma’s Case Set For Hearing Next YearRemittances from OFWs up anew in AugustPenang Confident LRT Mutiara Line Project Will Take Off Before End 2024Negros Occidental sets bulk water supply project bidding in NovemberKelana Jaya Line LRT Service Resumes After Temporary DisruptionBI: Wife of ex-Palace spox Harry Roque no longer in PHAsian Banking School Launches New Website that Harnesses AI to Enhance Customer Experience and Boost EfficiencyPISA, NAT results reveal learning gains among Caraga studentsMalaysia Should Seize Opportunity In Global Medical Devices Market – ChangConcio, Arca to meet in 4th round of Asia Juniors chess tourneyGovt To Build More Reservoirs As Part Of Flood Mitigation Plans – Fadillah YusofSenator wants higher honoraria, other benefits for poll workersShazalli Ramly Appointed PMO Media And Strategic Communications AdviserP115-M N. Cotabato bypass to ease traffic, boost economy: DPWHMohd Na’im Dismisses Claims Mufti Bill Hastily DraftedDSWD: Marcos admin focused on enhancing education, economyPolice Order 20 Houses Vacated Following Landslide In Taman MelawatiBill granting legislative franchise to Elon Musk’s Starlink PH pushedMelaka Targets 70 Pct GTP Area To Be Filled With Investors Within Two YearsP7-M illegal LPG tanks, refilling equipment seized in LagunaThunderstorms Expected To Hit 10 States, KL This EveningPractice proper handwashing to defend vs. diseases: DOHAbu Dhabi Autonomous Racing League To Return For Season 2 With Expanded Global RosterRomualdez highlights PH progress in SandT, innovation under PBBMLady Driver In Road Crash Resulting In Death Of Dungun UiTM Students Charged With MurderUAE firms plan to invest over P25-B in PHCops Nab Man, Seize Almost RM50 Mln Worth Of Yaba Pills, Heroin In KelantanPBBM admin to ensure uninterrupted gov’t services in Sulu: PangandamanTaylor Swift Immortalised In Giant Mural In Germany’s GelsenkirchenDOT positions PH as premier wellness destinationMPKu Urban Forest Gains Glowing Recognition From MBORPH, Aussie troops kick off ‘KASANGGA’ drills in CamSurSun Hung Kai Properties Hong Kong Cyclothon 2024 Wraps Up SuccessfullyBuCor: 20 prison workers sacked, 70 suspended under CatapangKL Areas Inundated Due To Heavy Rainfall – DBKL10 victims rescued in Quezon online prostitution dens raidOver 700 Enforcement Personnel Take Part In Sabah’s Act 852 Integrated Mega OpWeeklong ops net 166 drug suspects, P3-M illegal drugs in C. LuzonFlood: More Evacuees Reported In Perak, PahangUNSC bid to turn PH into ‘peacemaker’ in Western PacificGovernment To Look Into A ‘Scorecard’ For High-quality Investments – MITINorthern Samar expands facility for ex-rebels’ recoveryInvisalign® Palatal Expander System by Align Technology Now Available in Singapore for Skeletal and Dental Expansion in Growing PatientsGadgets seized from POGO hub in Cebu undergo digital forensic examHanoi’s real estate market: Mid-range segment dominates with 98% sharePCG slams corruption allegations by disqualified bidder1,667 C. Visayas workers get P55.1-M monetary awards via DOLE programLa Union teachers report easier workload under MATATAG curriculumPope OKs creation of Prosperidad diocese, names 1st bishopBudget 2025:MSMES Hope No New, Increase In TaxesDMW, TESDA ink deal to boost skills of OFWs
Thu. Oct 17th, 2024

MYT Netherlands Parent B.V. (‘Mytheresa’) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (‘YNAP’) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

MUNICH and GENEVA, Switzerland, Today, Mytheresa (NYSE:MYTE) and Richemont (SWX:CFR) announce that they have entered into binding agreements for the acquisition of 100% of the share capital of YNAP by Mytheresa. The transaction aims to create a leading, global, multi-brand digital luxury group offering a highly curated and strongly differentiated edit of the most prestigious luxury brands and products to luxury enthusiasts worldwide.

Transaction Rationale

Mytheresa and YNAP have each earned a strong reputation in the luxury industry for their pioneering roles in innovation, authoritative editorial voice and curation, as well as high-quality customer service. Together, the different storefronts cover a broad spectrum of the luxury market with distinct propositions in terms of brand portfolio, customer and geographical focus while sharing the strategic positioning towards high end customers.

Source: BERNAMA News Agency

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