Richemont has come to an agreement for Mytheresa to acquire its online YNAP business, including Net-A-Porter, Mr Porter, Yoox and Outnet brands.
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Mytheresa Shows Multibrand Retail Still Works In Luxury
While multibrand luxury fashion retail is on the ropes, Mytheresa just posted 10% year-over-year growth in fiscal 2024, led by a 25% uptick in the U.S.
Luxury Is Losing Its Lustre As American Affluents’ Priorities Shift
Latest results of Research The Affluent Luxury Tracking study reveal a HNW/UHNW American consumer balancing their spending between indulgence and restraint.
American Luxury Consumers Pull Back, Challenging LVMH, Ralph Lauren, Capri And Tapestry
Affluent Americans are pulling back in luxury spending. LVMH, Tapestry, Capri Holdings and Ralph Lauren are seeing the results in their latest earnings reports.
Farfetch’s Turnaround Begins Under Coupang Leadership
Though still in early days, luxury fashion marketplace Farfetch seems to have found a good home at Coupang under leadership of founder and CEO Bom Kim.
