Mytheresa

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Mytheresa
Type of businessPublic GmbH
Available inEnglish, German, French, Italian, Spanish, Arabic, Chinese, Korean
Traded asNYSE: MYTE
Founded2006
HeadquartersMunich, Germany
Area servedWorldwide
Key peopleMichael Kliger (CEO), Martin Beer, Sebastian Dietzmann, Gareth Locke, Isabel May
IndustryE-commerce, fashion
ProductsLuxury fashion goods
RevenueEUR 612 Million Euro (FY 2021) [1]
ParentMYT Netherlands Parent B.V.
URLmytheresa.com

Mytheresa is a German e-commerce luxury fashion company, with headquarters in Munich, 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.[2]

In January 2021, Mytheresa filed an IPO on the New York Stock Exchange that valued the company at $2.2 billion;[3][4] its valuation increased to $3 billion on its first day of trading.[5]

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 [6] [7].

In January 2019 Mytheresa launched a kidswear category [8] and January 2020 saw the launch of Mytheresa Men.[9]

References[]

  1. ^ "Mytheresa - Q4, FY 2021 Results". 2020-09-21. Retrieved 2021-04-09.
  2. ^ Mytheresa Prices IPO at $26 per Share, for a $2.3 Billion Valuation LAUREN SHERMAN, JANUARY 21, 2021
  3. ^ Luxury e-commerce portal Mytheresa files for $150M IPO to take on Amazon Luxury Stores Seeking Alpha, Brandy Betz, December 28, 2020
  4. ^ Luxury fashion platform Mytheresa valued at $2.2 billion in U.S. IPO Aishwarya Nair and Kanishka Singh, Reuters, January 20, 2021
  5. ^ Mytheresa CEO talks as valuation reaches $3 billion KATI CHITRAKORN, Vogue, 22 JANUARY 2021
  6. ^ Mytheresa.com unveils Korean-language site after seeing triple-digit growth Barbara Santamaria, March 21, 2017
  7. ^ MyTheresa targets Latin America with Spanish website launch Elena Campos Valladares, April 10, 2018
  8. ^ Mytheresa Launches Kids TAMISON O'CONNOR, October 24, 2018
  9. ^ Mytheresa is about to start selling menswear Faye Fearon, December 11, 2019

See also[]

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