MYT Netherlands Parent B.V. (NYSE:MYTE) is among the potential bidders seeking to buy YOOX Net-A-Porter Group S.p.A. from Richemont Italia Holding S.p.A., The Financial Times' Adrienne Klasa and Ivan Levingston report. Bain Capital and Permira have also looked at Yoox Net-a-Porter, according to people with knowledge of the process. Potential suitors have expressed concerns about a deal because of ongoing losses at Yoox Net-a-Porter, which are expected to continue in the coming years and make the business difficult to value, according to people with knowledge of the sales process.
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Apr. 02 | MYT's Mytheresa Among Potential Buyers of Richemont's Yoox Net-a-Porter | MT |
Apr. 02 | Sector Update: Consumer Stocks Retreating Tuesday Afternoon | MT |
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- Mytheresa Reputedly Among Possible Bidders to Buy Yoox Net-A Porter