Mytheresa.com is a listed

e-commerce E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...

company in the luxury fashion sector based in Munich, Germany. Mytheresa sells ready-to-wear, shoes, bags, and accessories for womenswear, menswear and kidswear as well as lifestyle products and jewelry globally.

History

In 1987, Susanne and Christoph Botschen opened the "Theresa" boutique in Munich city center, where they sold designer fashion for women. In 2006, the couple supplemented the physical store by founding an online store, Mytheresa, which offers ready-to-wear, shoes, accessories, and fine jewelry from more than 250 designers. Mytheresa expanded its offering to include kidswear in 2019, menswear in 2020. In May 2020, after

Neiman Marcus Neiman Marcus is an American department store chain founded in 1907 in Dallas, Texas by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband Abraham Lincoln Neiman. It has been owned by Saks Global, a Corporate spin-off, spin-o ...

filed for

Chapter 11 Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

bankruptcy, Mytheresa was carved out of the bankruptcy estate by financial investors and temporarily financed via shareholder loans of USD 200 million. In January 2021, the immediate parent company, MYT Netherlands, was listed on the NYSE, resulting in USD 407 million in issue proceeds, which were used to repay the shareholder loans. The remainder of the proceeds was used to finance the company's strong growth. In 2022, Mytheresa expanded its luxury offering to include home décor and lifestyle products with the introduction of the “Life” category. In 2023, the range was supplemented with Certified Pre-Owned watches in collaboration with Bucherer, and the Fine Jewelry category was further expanded. In autumn 2023, Mytheresa opened a new 55,000 m² distribution center at Halle/Leipzig Airport. In October 2024, it was announced that Mytheresa would acquire Richemont's online luxury fashion and accessories business Yoox Net-A-Porter (YNAP), subject to regulatory approval, in exchange for

Richemont Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jew ...

acquiring a 33% equity stake in Mytheresa.

Operations

Since March 2015, Michael Kliger has been the

Chief Executive Officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of Mytheresa. The company operates websites in English, German, French, Italian, Arabic, Chinese, Korean, and SpanishMyTheresa targets Latin America with Spanish website launch
Elena Campos Valladares, April 10, 2018, and delivers to over 130 countries.

History

Operations

References

See also