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Mytheresa Is Considering Going Private, Sources Said

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The German e-commerce platform is considering going private and acquiring Net-a-porter, sources told WWD.

is working with investment bankers on two fronts, sources told WWD — pitching investors on a buyout that would take the company private, and looking at acquiring

Mytheresa, which is said to be working with bankers at Morgan Stanley and B. Riley as it explores its options, isn’t the only player interested in Net-a-porter. Sources said private equity company Bain Capital made a bid to buy Net-a-porter in Geneva recently and that the members-only off-price fashion player BestSecret has expressed interest in Yoox side of the business.

But Mytheresa, which specializes in pinnacle luxury products, has been successfully navigating the market by sticking to that niche. “We are extremely pleased with the strong performance in a rapidly consolidating marketplace,” said Michael Kliger, Mytheresa’s chief executive officer, in a statement at the time. “The results underscore that Mytheresa is not just a luxury e-commerce platform. We build a community for luxury enthusiasts and create desirability through digital and physical experiences. This makes us the winner in an otherwise still-tough market environment.

 

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