Linklaters advises Mytheresa on binding agreements for the acquisition of 100% of the share capital of YNAP. Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments; Mytheresa will issue shares to Richemont representing 33% of Mytheresa’s fully diluted share capital. The closing of transaction is expected in the first half of 2025, subject to customary conditions, including regulatory approvals.

Mytheresa, listed on the New York Stock Exchange (NYSE), is one of the leading luxury multi-brand digital platforms shipping to over 130 countries. YNAP is an online luxury and fashion retailer, active globally, with several online-stores. The transaction aims to create a leading, global, multi-brand digital luxury group.

A Linklaters team led by Christoph Barth (Partner, Düsseldorf) and Verity Egerton-Doyle (Partner, London) advises Mytheresa on merger and foreign investment control. Further team members are Aoife Monaghan (London), Sebastian Plötz (Düsseldorf, both Managing Associate), Bianca Grujcic (Associate, Düsseldorf), Neha Zamvar, Evie Pearson, Angel Jin (all Associates, London) and Jubayer Miah (Trainee Solictor, London).

Christoph Barth: “We are delighted to advise our long-standing client Mytheresa on this landmark transaction aiming to create a leading, global, multi-brand digital luxury group.”

Verity Egerton Doyle: “We’re very proud to be able to support Mytheresa in their vision of bringing together differentiated but complementary luxury storefronts.”