Richemont's Divestiture of YNAP Allows It to Keep Exposure to Online Shopping -- Market Talk

Dow Jones
2024-10-07

0712 GMT - Richemont's agreement to sell its e-commerce business Yoox Net-A-Porter to Mytheresa allows the Swiss group to retain some exposure to online multibrand luxury retail without operational control, RBC Capital Markets analysts Piral Dadhania and Nikolaos Lafioniatis say in a research note. The owner of Cartier reached an agreement to sell the business in exchange for a 33% stake in Mytheresa, a German online multibrand luxury shop. Richemont will become a prominent but non-controlling shareholder in Mytheresa, they say, adding that over the medium term, the Swiss company has the option to manage its position, since Mytheresa is a public company. Shares in Richemont are up 1.6% at 132.90 Swiss francs. (andrea.figueras@wsj.com)

 

(END) Dow Jones Newswires

October 07, 2024 03:12 ET (07:12 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10