Mytheresa
Est. 1987 (Munich boutique) · Now LuxExperience
Mytheresa began as a physical luxury boutique in Munich in 1987 before launching its online platform in 2006. Unlike Farfetch's marketplace architecture, Mytheresa operates as a direct retailer: it buys inventory wholesale from brands and ships every order from its centralized Munich warehouse. This single-warehouse model is the foundation of its most praised attributes — consistent, fast shipping, predictable pricing, and a cohesive curation philosophy that a marketplace cannot replicate.
In October 2024, Mytheresa signed agreements to acquire YOOX NET-A-PORTER from the Swiss luxury group Richemont, closing the deal in April 2025. The combined entity — now operating under LuxExperience B.V. (NYSE: LUXE) — includes Mytheresa, Net-a-Porter, Mr Porter, Yoox discount platform, and The Outnet off-price channel. CEO Michael Kliger's stated ambition is to build a €4 billion digital luxury group, with the restructuring of the YNAP businesses expected over 24 to 36 months.
For shoppers engaging with Mytheresa directly, the shopping experience remains unchanged: the same Munich-based fulfilment, the same curated brand roster, the same elevated service model. The LuxExperience merger is a back-of-house operational reality, not yet visible at the storefront level — but it positions Mytheresa as part of the most significant consolidation event in luxury e-commerce history.