Mytheresa
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]
| Type of business | Public GmbH |
|---|---|
| Available in | English, German, French, Italian, Spanish, Arabic, Chinese, Korean |
| Traded as | NYSE: MYTE |
| Founded | 2006 |
| Headquarters | Munich, Germany |
| Area served | Worldwide |
| Key people | Michael Kliger (CEO), Martin Beer, Sebastian Dietzmann, Gareth Locke, Isabel May |
| Industry | E-commerce, fashion |
| Products | Luxury fashion and lifestyle goods |
| Revenue | €689.8 Million Euro (FY 2021) Net Sales [1] |
| Parent | MYT Netherlands Parent B.V. |
| URL | mytheresa |
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 the 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] A new homeware and lifestyle category Life followed in May 2022.[10] In 2022, Mytheresa expanded its luxury offering to home décor and lifestyle products with the launch of the category “LIFE”.
References
- "Mytheresa - Q4 and Full FY22 Results". Retrieved 2022-04-09.
- Mytheresa Prices IPO at $26 per Share, for a $2.3 Billion Valuation LAUREN SHERMAN, JANUARY 21, 2021
- Luxury e-commerce portal Mytheresa files for $150M IPO to take on Amazon Luxury Stores Seeking Alpha, Brandy Betz, December 28, 2020
- Luxury fashion platform Mytheresa valued at $2.2 billion in U.S. IPO Aishwarya Nair and Kanishka Singh, Reuters, January 20, 2021
- Mytheresa CEO talks as valuation reaches $3 billion KATI CHITRAKORN, Vogue, 22 JANUARY 2021
- Mytheresa.com unveils Korean-language site after seeing triple-digit growth Barbara Santamaria, March 21, 2017
- MyTheresa targets Latin America with Spanish website launch Elena Campos Valladares, April 10, 2018,
- Mytheresa Launches Kids TAMISON O'Connor, October 24, 2018,
- Mytheresa is about to start selling menswear Faye Fearon, December 11, 2019,
- Mytheresa launches Life, a new luxury lifestyle category Samantha Conti, May 16, 2022,