Some possibly great news for mytheresa.com. Four years after Acton Capital Partners acquired a minority stake the fashion luxury website to help accelerate it’s growth, Neiman Marcus Group LTD LLC is in final talks to acquire the global online luxury business, according to FinSME’s.
Christoph and Susanne Botschen created the website in 2006 as a way to expand the reach of the THERESA flagship store in Munich established in 1987 by the Botschen family.
mytheresa.com offers products from over 170 luxury brands delivered to over 120 countries globally in European, Middle East and Asia markets- they ship to the U.S. too in case you were wondering.
Company executives say mytheresa.com has amasses revenues of approximately $130 million annually, and employs over 200 people at its locations in Aschheim and Heimstetten near Munich.
Following the deal, The mytheresa.com online store and THERESA will be run as an independent subsidiary of NMG based in Munich. The mytheresa.com management team including Managing Directors Dr. Thomas Mueller and Jens Riewenherm and Buying Director Justin O’Shea will be continuing in their current roles.
The amount of the transaction, which is expected to close later this year, subject to regulatory approvals and other customary closing conditions, was not disclosed.
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