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MYT Netherlands Parent B.V. (“Mytheresa”) Receives Final Regulatory Clearance to Acquire YOOX NET-A-PORTER (“YNAP”) From Richemont, With Closing Planned for 23 April 2025

1. Mytheresa received merger clearance for YNAP acquisition from Richemont. 2. Transaction expected to close on April 23, 2025.

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FAQ

Why Bullish?

The acquisition of YNAP strengthens Mytheresa's market position, similar to successful past mergers in luxury retail. Historically, acquisitions that enhance portfolio diversity often lead to positive stock performance.

How important is it?

The article discusses a strategic acquisition enhancing Mytheresa's service offerings, which is crucial for investor sentiment and future growth. The clarity of the regulatory path also reduces uncertainty for shareholders.

Why Long Term?

The effect of the acquisition will unfold post-completion, similar to other retail mergers that boosted growth over time. Long-term gains are typically realized as the integration of operations takes shape.

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MUNICH & GENEVA--(BUSINESS WIRE)--Today, Mytheresa (NYSE:MYTE) received the unconditional merger control clearance from the European Commission for the acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A.. Mytheresa and Richemont have now received all other necessary approvals from regulatory authorities and plan to close the transaction on 23 April 2025. On 7 October 2024, Mytheresa and Richemont signed binding agreements for the acquisition by M.

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