Luxury e-commerce is a tough market to be in.

I know very little about any of this, as I am not a luxury consumer! It seems the money-losing business was burning a hole in the owner’s pocket. “Mytheresa has entered into a binding agreement to acquire 100 per cent of Yoox Net-a-Porter (YNAP) from Swiss conglomerate Richemont, the companies confirmed on Monday.” ~ learn more

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