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14.05.25 - 12:03
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Q3 FY25 Results: LuxExperience reports solid Net Sales growth of 4% and continued strong adjusted EBITDA profitability at a 4% margin for the legacy Mytheresa standalone business (Business Wire)
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Solid Net Sales growth of +4% in Q3 FY25 vs. Q3 FY24
Extraordinary GMV growth per Top Customer at +17.9% in Q3 FY25 vs. Q3 FY24
Outstanding Average Order Value increasing by +8.8% to €753 LTM in Q3 FY25 vs. Q3 FY24
Continued Gross Profit Margin increase of 140bps to 45% in Q3 FY25 vs. Q3 FY24 in line with preceding two quarters
Strong profitability with adjusted EBITDA margin of 4% in Q3 FY25 vs. Q3 FY24
MUNICH--(BUSINESS WIRE)--LuxExperience B.V. (NYSE:LUXE) (the “Company”), today announced its financial results for the legacy Mytheresa standalone business for its third quarter fiscal year 2025 ended March 31, 2025. The luxury multi-brand digital platform reported solid growth and continued Adj. EBITDA profitability in a tough market environment.
The Company's third quarter highlights include an outstanding Average Order Value, continued gross margin expansion, decrease in return rates, record-high NPS and strong profitability.
Michael Kliger, Chief Executive Officer of LuxExperience, said, ”The...
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24.04.25 - 08:33
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MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont Announce the Successful Completion of Mytheresa′s Acquisition of YOOX NET-A-PORTER (“YNAP”) (Business Wire)
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MUNICH & GENEVA--(BUSINESS WIRE)--Mytheresa (NYSE:MYTE) successfully closed its acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A., following the fulfillment of all conditions including receipt of all unconditional approvals from the relevant regulatory authorities.
Mytheresa is now YNAP's sole shareholder which it will fully consolidate under the MYT Netherlands Parent B.V. umbrella. The company will be renamed “LuxExperience B.V.” and will continue to be listed on the New York Stock Exchange (NYSE) with the trade name “LuxExperience” and a new ticker symbol of “LUXE”, effective 1 May 2025.
In exchange for all shares of YNAP and a net cash position of €555m and no financial debt, Richemont has received 49,741,342 shares in Mytheresa, representing 33% of Mytheresa's fully diluted share capital post issuance of the consideration shares.
Nora Aufreiter, Chair of the Supervisory Board of MYT Netherlands Parent B.V., said: “The successful acq...
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23.04.25 - 14:03
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Mytheresa Announces Third Quarter of Fiscal Year 2025 Earnings Release and Conference Call; LuxExperience Strategic Update Call; Participating in Upcoming Investor Conferences (Business Wire)
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MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE:MYTE) (“Mytheresa”) today announced the date for the release of its third quarter fiscal year 2025 ended March 31, 2025 financial results.
Third Quarter Fiscal Year 2025 Earnings Call and Webcast
Mytheresa will release third quarter fiscal year 2025 financial results before the U.S. market open on May 14, 2025. A conference call to discuss its results will follow at 8:00am Eastern Time that same day.
Those wishing to participate via webcast should access the call through Mytheresa's Investor Relations website at https://investors.mytheresa.com. Those wishing to participate via the telephone may dial in at +1 (800) 715-9871 (USA). The participant access code will be 7531135. The conference call replay will be available via webcast through Mytheresa's Investor Relations website. The telephone replay will be available from May 14, 2025, through May 21, 2025, by dialing +1 (800) 770-2030 (USA). The replay passcode will be 7531135. For specific i...
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11.04.25 - 15:42
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MYT Netherlands Parent B.V. Announces New Senior Leadership Team Following the Acquisition of YOOX NET-A-PORTER (Business Wire)
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MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE:MYTE) (the "Company") announces a new senior leadership team for the combined group effective upon closing of the acquisition of YOOX NET-A-PORTER. The new leadership team has been nominated to drive and create the leading, luxury multi-brand digital group for true luxury enthusiasts around the globe. The new group will encompass some of the most iconic and loved store brands in the world: NET-A-PORTER, MR PORTER, YOOX, THE OUTNET and Mytheresa. To further strengthen the unique and differentiated identities of each store brand separate, dedicated management teams are put in charge to deliver the best curated brand offerings, to create highly engaging inspiration and develop lasting customer relationships. At the group level functions will be consolidated into a shared group-level infrastructure that will deliver best-in-class and efficient services for the multi-brand luxury business across technology, operations, customer data analytics...
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