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MYT Netherlands Parent B.V. Announces New Senior Leadership Team Following the Acquisition of YOOX NET-A-PORTER

1. MYTE announces a new leadership team post-YOOX NET-A-PORTER acquisition. 2. The leadership aims to create a leading luxury multi-brand digital group.

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FAQ

Why Bullish?

Strong leadership changes can enhance organizational effectiveness. Previous acquisitions in luxury retail have driven stock price increases.

How important is it?

Leadership changes are crucial during acquisitions, suggesting a strategic direction that could increase investor confidence.

Why Long Term?

Long-term success from leadership changes typically requires time to manifest. Historical shifts, like those from other luxury brands, often show improved performance over years.

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YNAPAMZNLVMHKORS
MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE:MYTE) (the "Company") announces a new senior leadership team for the combined group effective upon closing of the acquisition of YOOX NET-A-PORTER. The new leadership team has been nominated to drive and create the leading, luxury multi-brand digital group for true luxury enthusiasts around the globe. The new group will encompass some of the most iconic and loved store brands in the world: NET-A-PORTER, MR PORTER, YOOX, THE OUTNET and M.

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