Luxury goods group Richemont and MYT Netherlands Parent (Mytheresa) have signed an agreement for Mytheresa to acquire online retailer Yoox Net-A-Porter (YNAP) in exchange for a 33% equity stake in Mytheresa.

The transaction aims to create a leading, global, multi-brand digital luxury group offering a highly curated and strongly differentiated edit of the most prestigious luxury brands and products to luxury enthusiasts worldwide, Richemont said in a statement on Monday...

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