The half-mad and mixed up world of luxury e-commerce has always had more than its fair share of strivers — from Net-a-porter and Matches to Ssense and Farfetch .

But it was Munich-based Mytheresa that managed to actually move forward and build a business that can generate cash.

Now Michael Kliger, who has led Mytheresa for a decade, has to do it again as chief executive officer of LuxExperience, the company that came together when Mytheresa took control of Yoox Net-a-porter in April.

LuxExperience gave a very early read on the combination Thursday when it reported results for the fourth quarter ended June 30.

As expected, the trend lines of its three business units — Mytheresa , Net-a-porter and off-price — have not changed yet.

The Mytheresa division continued to do well la

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