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

Dow Jones

Oct 07, 2024

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)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2473123993"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2473123993\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2473123993?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-07 15:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2473123993","market":"hk","top_or_hot":-1,"title":"Richemont's Divestiture of YNAP Allows It to Keep Exposure to Online Shopping -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 07, 2024 03:12 ET (07:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Richemont's Divestiture of YNAP Allows It to Keep Exposure to Online Shopping -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRichemont's Divestiture of YNAP Allows It to Keep Exposure to Online Shopping -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-07 15:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 07, 2024 03:12 ET (07:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MYTE","symbol_name":"MYT Netherlands Parent B.V.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2473123993","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473123993","pubTimestamp":1728285120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MYTE":"MYT Netherlands Parent B.V.","03650":"KEEP","CFRUY":"历峯集团","BK4202":"服装、服饰与奢侈品","BK1215":"特殊消费者服务","BK4094":"服装零售"},"translate_title":"历峰集团剥离YNAP使其能够继续涉足在线购物——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03650":1,"MYTE":0.9,"CFRUY":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 07, 2024 03:12 ET (07:12 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}