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    Will Richemont write down Yoox Net-a-porter?
    Richemont now expects to write down YNAP’s net assets by another €1.3bn, including the cash. The group will have the right to name one person to Mytheresa’s supervisory board once the transaction closes. Yoox Net-a-Porter has been plagued by losses and already cost Richemont billions of euros in writedowns.

    Richemont to sell struggling Yoox Net-a-Porter to Mytheresa

    ft.com
    Does Richemont own YNAP?
    Richemont has come to an agreement for Mytheresa to acquire its online YNAP business, including Net-A-Porter, Mr Porter, Yoox and Outnet brands.

    Richemont Lends A Helping Hand For Mytheresa To Acquire Yoox Net-…

    forbes.com
    Will Richemont appoint a supervisory board member?
    Richemont will have the right to nominate a member and an observer to Mytheresa’s supervisory board after the deal closes, which is expected in the first half of 2025. Shares of Mytheresa jumped 14% to $4.92 in early morning trading Monday. Richemont stock, which trades on the Swiss stock exchange, was up 2%.

    Cartier Owner Richemont Is Selling Its E-Commerce Business

    msn.com
    Are MyTheresa and Richemont regulated?
    Fortunately, Germany-based Mytheresa and Richemont in Switzerland are subject to European regulatory oversight, not the Federal Trade Commission, which is challenging the Tapestry acquisition of Capri Holdings in the luxury market. Moving over to Mytheresa will be YNAP brands Net-A-Porter and Mr Porter and its off-price Yoox and Outnet platforms.

    Richemont Lends A Helping Hand For Mytheresa To Acquire Yoox Net-…

    forbes.com
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  3. Yahoo Finance
    https://finance.yahoo.com/news/richemont-announces...

    Richemont announces changes to the Board of Directors and …

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    • Richemont
      https://www.richemont.com/news-media/press...

      Richemont announces strong underlying performance for the year …

    • CNBC
      https://www.cnbc.com/2024/05/17/richemont-shares...

      Richemont shares climb 6% on record full-year sales, new CEO

    • Richemont
      https://www.richemont.com/news-media/press-releases-and-news

      Press releases and news | Media - Richemont

    • Richemont
      https://www.richemont.com

      Richemont

    • Reuters
      https://www.reuters.com/business/retail-co…

      Luxury group Richemont's sales surge in China, …

      WEBZURICH, Jan 18 (Reuters) - Cartier owner Richemont (CFR.S) enjoyed a surge in sales in China in its latest quarter, signalling on Thursday the resilience of the high end of the luxury market and...

    • Financial Times
      https://www.ft.com/content/2699f3c0-78b4 …

      Richemont’s profits disappoint in latest sign of luxury …

      WEBNov 10, 2023 · Swiss luxury group Richemont blamed a weaker economic backdrop and geopolitical tensions as the owner of the Cartier jewellery brand reported weaker than expected first-half profits.

    • Financial Times
      https://www.ft.com/content/eb9a7ae9-0dee-4c52-8542-f4f890e459dd

      LVMH’s Bernard Arnault emerges as personal stakeholder in …

    • Yahoo Finance
      https://finance.yahoo.com/news/richemont-finally...

      Richemont Offloads Yoox Net-A-Porter to Germany’s Mytheresa

    • MarketWatch
      https://www.marketwatch.com/story/riche…

      Richemont shares surge following boom in Cartier …

      WEBJan 18, 2024 · Swiss watch seller Compagnie Financière Richemont on Thursday reported a sharp uptick in its revenues in the final three months of 2023, driven by surging jewelry sales in China and Japan which...