Mytheresa is a German
e-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
luxury fashion company, with headquarters in
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by popu ...
, Germany. Founded in 2006, it operates local-language based websites for international markets in English, German, Spanish, French, Italian, Arabic, Chinese and Korean. Its CEO is Michael Kliger.
In January 2021, Mytheresa filed an
IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
that valued the company at $2.2 billion; its valuation increased to $3 billion on its first day of trading.
Background
The Mytheresa online shop was founded in 2006 by Susanne and Christoph Botschen and is associated with the multi-brand store in Munich (previously THERESA. store). Their selection consists of high-end clothing, shoes, bags and accessories from luxury designer brands such as Bottega Veneta, Burberry, Fendi, Gucci, Moncler, Loro Piana and many more.
As an international retailer, Mytheresa operates in 8 languages: English, German, French, Italian, Spanish, Arabic, Chinese and Korean .
In January 2019 Mytheresa launched a kidswear category and January 2020 saw the launch of Mytheresa Men. A new homeware and lifestyle category Life followed in May 2022.
Mytheresa launches Life, a new luxury lifestyle category
Samantha Conti, May 16, 2022 In 2022, Mytheresa expanded its luxury offering to home décor and lifestyle products with the launch of the category “LIFE”.
References
See also
*YOOX Net-a-Porter Group
YOOX Net-a-Porter Group S.p.A. is an Italian online fashion retailer created on 5 October 2015 after the merger between Yoox Group and Net-a-porter Group (NAP).
Yoox was originally founded by Federico Marchetti in Milan in 2000, and Net-a-Porter ...
*Farfetch
Farfetch is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. The company was founded in 2007 by the Portuguese entrepreneur José Neves with its headquarters ...
*Gilt Groupe
Gilt is an online shopping and lifestyle website based in the United States, launched in 2007. On January 7, 2016, The company was sold to Hudson's Bay Company for approximately $250 million. Prior to the Hudson’s Bay acquisition, sales were ex ...
*Luxury goods
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to n ...
Online clothing retailers of Germany
Companies listed on the New York Stock Exchange
2021 initial public offerings
Companies based in Munich
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