POST-PANDEMIC HANGOVER: Richemont has had to pay Mytheresa to take trouble child Yoox Net-a-Porter off its hands
5 months ago
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Rather than offloading the lossmaking online fashion platform, the Swiss luxury goods group has taken on a 33% share in Mytheresa to take Yoox Net-a-Porter off its hands. But Richemont will retain a significant say in the business.