LuxExperience reported better-than-expected results for its first fiscal quarter, led by solid top and bottom line growth at Mytheresa , prompting the company to raise guidance for its fiscal year.

The Munich-based digital, multi-brand luxury group also cited decreases in expenses across all segments and indicated it has been making progress turning around its Net-a-Porter, Mr. Porter and offprice segments, which have been showing declines. In April 2025, LuxExperience , formerly known as Mytheresa , purchased Yoox Net-A-Porter, also known as YNAP, from Compagnie Financiere Richemont. In turn, LuxExperience received 555 million euros in cash from Richemont, which has a 33 percent stake in the business.

LuxExperience recently signed an agreement to sell the assets of The OutNet, wh

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