Turnover: 795 million USD (2021)

Country: Germany

German luxury ready-to-wear company

News

E-tailer Mytheresa prefers wealthier customers 15/09/2023

  • the Covid-19 pandemic has pushed the share of online purchases of luxury goods beyond 20% of the total market
  • Germany's Mytheresa saw its sales jump by 11.5% in its financial year to the end of June, to 768.6 million euros.
  • Over $200 million raised on Wall Street in January 2021
  • In the U.S., the e-commerce site launched in 2007 saw sales increase by over 40%
  • Mytheresa has chosen to strengthen its focus on the sector's highest-spending customers
  • The most affluent customers represent 4% of the customer base and 38% of sales
  • Launch on its site of a platform with Swiss watchmaker Bucherer for the sale of certified pre-owned watches, a booming market.
  • Its competitor Farfetch posted an operating loss of 34.6 million euros in 2022

Mytheresa extends its offer to homes and lifestyle | Les Echos 17/05/2022

  • Mytheresa is a German online retailer.
  • It offers a portfolio of some 50 brands in the men's category and 60 brands in the new "Life" category.
  • sales are expected to approach 700 million euros, up 22-25%, with gross profit estimated at 350 million euros
  • The site distributes over 200 luxury brands, including Valentino, Gucci, Burberry, Saint Laurent, Dolce & Gabbana, Gabriela Hearst, Moncler, Paco Rabanne, Loewe, Loro Piana...
  • Sales in this market up 26% in Q3 2P21
  • Global online luxury market to reach 105 billion euros by 2025

Studies mentioning this company

The women's ready-to-wear market - France

Other companies mentioned:

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