Mytheresa Reports Significant Growth Amidst Luxury E-Commerce Sector Consolidation

Steady Growth in Challenging Times: Despite a general downturn in the luxury e-commerce market, Mytheresa has reported a significant 17.6% increase in net sales, which totaled €233 million this quarter. This growth is a testament to the company's resilient strategy and operational excellence.

U.S. Market Drives Success: The U.S. market has become increasingly vital for Mytheresa, now representing over 22% of total business. This quarter, the U.S. saw a 41.6% increase in Gross Merchandise Value (GMV), indicating a trajectory that could soon make it Mytheresa's largest market.

High-Value Customers at the Core: Mytheresa’s focus on high-spending customers continues to yield positive results. This quarter, the number of top-tier customers grew by 17%, with their average spend rising by 3.3%. This strategic emphasis on premium consumers is key to Mytheresa’s ongoing success.

Strategic Considerations: Amid strong financial performance, Mytheresa is considering significant strategic shifts, including a potential private buyout and the acquisition of Net-a-porter. These moves, facilitated by collaboration with Morgan Stanley and B. Riley, could further strengthen Mytheresa's distribution capabilities and market dominance.

Future Outlook: As Mytheresa contemplates these transformative steps, CEO Michael Kliger highlights a balanced approach to growth—focusing on core business strengths while exploring opportunities that could redefine the company’s market position.

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