Mytheresa Reports Significant Growth Amidst Luxury E-Commerce Sector Consolidation

Mytheresa has reported a robust 17.6% increase in net sales to €233 million in Q3, driven by significant gains in the U.S. market, where Gross Merchandise Value (GMV) soared by 41.6%. The U.S. now accounts for over 22% of total business, positioning it as a potential leading market for Mytheresa. Additionally, the company's focus on high-spending customers has resulted in a 17% increase in the number of top-tier customers, with a 3.3% rise in their average spend. Amid these strong financials, Mytheresa is exploring strategic changes, including a potential private buyout and the acquisition of Net-a-porter, to further strengthen its market position.

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