Mytheresa Reports 13% Sales Growth and Prepares for YNAP Acquisition

Luxury retailer Mytheresa sees revenue gains driven by high-spending consumers and plans to finalize its YNAP acquisition in the first half of 2025.

Mytheresa achieved a 13.4% year-over-year sales increase in Q2 of fiscal 2025, with strong performance in the U.S. and Europe.
Top customers drove growth with increased digital spending and demand for high-value items like fine jewelry and luxury accessories.
The acquisition of Yoox Net-a-Porter (YNAP) is on track to close in the first half of 2025, with plans to rebrand the holding company as LuxExperience.
Gross profit margins improved to 50.9%, supported by reduced discounting and robust full-price sales, while inventory levels declined slightly.
Challenges persist in Asia, especially in Greater China, where economic uncertainty continues to impact demand for luxury goods.