Mytheresa news and archive

Mytheresa Q2 GMV grows 7.8 percent

German luxury retailer Mytheresa has reported a 7.8 percent increase in gross merchandise value (GMV) in the first quarter of the year. In the three months to December 31, GMV came in at 215.9 million euros, up from 200.2 million euros a year earlier. That came as net sales rose 1.3 percent to 190.1 million euros. However, the Munich-based...

Podcast

Podcast: CEO of Mytheresa on competing for luxury shoppers

In this episode of the Glossy Podcast, the CEO of Mytheresa, Michael Kliger, has discussed competing for luxury shoppers and the online retailer's customer first approach. Other topics that were talked about were its expansion into menswear, and on becoming more sustainable. Listen to the podcast below. Source: The Glossy Podcast via Megaphone...

Featured

Business

E-tailer Mytheresa teams up with Vestiaire Collective for resale service

Luxury fashion e-tailer Mytheresa has teamed up with resale platform Vestiaire Collective to launch a new second-hand fashion service. The tie-up will allow Mytheresa customers to use a dedicated web interface to sell their second-hand fashion - the process of which will be run by Vestiaire Collective. The programme will initially be available...

Fashion

Mytheresa and Louboutin team up on exclusive shoe and bag collection

German online luxury retailer Mytheresa and French fashion house Christian Louboutin have launched an exclusive shoe and bag capsule collection for Summer 2021. The capsule collection features flip-flops, sneakers, and pool flats in rainbow colors, as well as a series of bags handwoven from the Dwarf Palm material, made from the leaves of a...

Featured

Business

Mytheresa ups full-year outlook following strong Q3 sales

Mytheresa has reported a 47.5 percent increase in net sales in the third quarter of the year and upped its full-year outlook as the German luxury e-tailer continued to benefit from consumers’ shift to online shopping during the pandemic. Net sales increased to 164.8 million euros in the three months to March 31 compared to a year earlier when...

People

Mytheresa appoints new president of North America

Online fashion retailer Mytheresa is strengthening its presence in the United States. On Wednesday, the company announced the appointment of Heather Kaminetsky as president North America. She will take up the post on June 1, after which she will lead all customer-related activities in North America, including communications, personal shopping...

Business

Mytheresa Q2 profits more than double

German online luxury retailer Mytheresa saw its profits more than double in the second quarter compared to the same period last year. In the three months to December 31, net income increased 149 percent to 15.7 million euros, compared to 6.3 million euros a year earlier. The e-tailer’s net sales increased 33 percent to 158.6 million euros as its...

Fashion

Mytheresa to launch WeChat game ahead of Chinese New Year

Luxury e-tailer Mytheresa is launching a game dedicated to the Chinese market ahead of the country’s New Year celebrations next month. The game, called ‘Mytheresa Style Flight’, allows players to virtually travel and pack a dream suitcase from the comfort of their own home. It comes ahead of Chinese New Year, celebrated on 12 February, which...

Business

Mytheresa raises IPO price to 26 dollars a share

Mytheresa has upped the pricing of its shares ahead of its IPO. The German luxury e-tailer plans to sell around 15.6 million American depositary shares (ADS) which will now cost 26 dollars apiece, compared to the range of between 16 and 18 dollars it announced last week. The company, which first announced plans to go public late last year, will...

Business

Mytheresa announces pricing of US IPO

German luxury fashion e-tailer Mytheresa has revealed the pricing of its IPO that it announced at the end of 2020. The retailer said it plans to sell around 15.6 million American depositary shares (ADS) at between 16 and 18 dollars each. The company will be listed on the New York Stock Exchange under the ticker symbol ‘MYTE’. Mytheresa, which...

Business

Mytheresa files registration with the SEC for proposed IPO

Mytheresa is going public. Its parent company, MYT Netherlands Parent B.V, has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering. The number of shares to be offered and the price range for the IPO has not yet been determined. Morgan Stanley & Co....

Business

Mytheresa confidentially applies for New York IPO

German luxury fashion e-tailer Mytheresa has confidentially applied for a New York IPO. Its parent company, MYT Netherlands Parent B.V., announced Tuesday it has “confidentially submitted a draft Registration Statement on Form F-1 to the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of...