Mytheresa
Mytheresa is one of the leading global luxury e-commerce platforms shipping to over 130 countries. Founded as a boutique in 1987, Mytheresa launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear, kidswear and lifestyle products. 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, Chief Executive Officer; Martin Beer, Chief Financial Officer; Isabel May, Chief Customer Experience Officer; Sebastian Dietzmann, Chief Operations Officer; Gareth Locke, Chief Growth Officer |
| Industry | Luxury, E-commerce |
| Products | Luxury and lifestyle goods |
| Revenue | €747.3 Million GMV in fiscal year 2022 (+21.3% vs. FY21) [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]
History
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).
In January 2019 Mytheresa launched a kidswear category,[6] and January 2020 saw the launch of Mytheresa Men.[7] A new homeware and lifestyle category Life followed in May 2022.[8] In 2022, Mytheresa expanded its luxury offering to home décor and lifestyle products with the launch of the category “LIFE”.
In 2023, Mytheresa announced the expansion into another luxury category with the launch of certified pre-owned watches from over 25 luxury brands, such as Audemars Piguet, Cartier, IWC Schaffhausen, Jaeger-LeCoultre and others, in collaboration with the world's largest luxury watches and jewelry retailer Bucherer.
As a global retailer, Mytheresa operates in 8 languages: English, German, French, Italian, Spanish, Arabic, Chinese, and Korean [9] [10].
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 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,
- 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,