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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 EU clearance for YNAP acquisition from Richemont. 2. Transaction set to close on April 23, 2025, following all approvals.

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FAQ

Why Bullish?

Acquisitions often lead to enhanced market position and revenue growth. Historical examples show that strategic mergers can boost stock prices significantly.

How important is it?

The clearance enhances MYTE's growth trajectory and market competitiveness, vital for investors.

Why Long Term?

The full impact will be realized post-transaction closing, enhancing long-term growth prospects.

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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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