Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.
Richemont to Sell e-Commerce Business YNAP to Mytheresa
Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.