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Mytheresa acquires YNAP, forming "LuxExperience B.V.," set to trade as "LUXE" on the NYSE.
Mytheresa has completed its acquisition of YOOX NET-A-PORTER (YNAP) from Richemont, becoming YNAP's sole shareholder.
The combined entity, now called "LuxExperience B.V.," will trade on the NYSE under the new symbol "LUXE" as of May 1.
Richemont received 49.7 million shares in Mytheresa, representing 33% of the company's share capital.
The acquisition aims to boost efficiency and synergies through shared infrastructure and technology.
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Mytheresa adquiere YNAP, formando "LuxExperience B.V.", que cotizará como "LUXE" en la Bolsa de Nueva York.