Home / Knowledge / News / Apparel/Garments / Neiman Marcus acquires German fashion etailer mytheresa
Neiman Marcus acquires German fashion etailer mytheresa
Sep '14
US-based apparel marketer Neiman Marcus Group said it has acquired online luxury products retailer - mytheresa.com from Christoph and Susanne Botschen and Acton Capital Partners.

In addition, Neiman will also be acquiring the THERESA flagship luxury fashion store in Munich from the Botschen family.

Germany-based mytheresa.com is a premier luxury multi-brand fashion online retailer with annual revenues of around $130 million annually.

mytheresa.com stocks a highly curated mix of over 170 luxury brands in key women’s categories like apparel, shoes, handbags and accessories.

From its base in Munich, mytheresa.com ships to over 120 countries globally with a highly localized approach and more than two-thirds of its revenue comes from outside of Germany.

Neiman Marcus says, mytheresa.com’s strength in the European, Middle East, and Asia markets complements its core business in the US.

The mytheresa.com online store and THERESA store will be run as an independent subsidiary of Neiman Marcus.

“With the acquisition of mytheresa.com, Neiman Marcus Group takes yet another step towards our strategy to serve the affluent customer around the world”, said Karen Katz, CEO - Neiman Marcus Group. "

Neiman Marcus Group operates under two divisions. The Specialty Retail Stores segment includes Neiman Marcus, Bergdorf Goodman and Last Call stores.

The Online segment conducts direct to consumer operations under the Neiman Marcus, Horchow, CUSP, Last Call and Bergdorf Goodman brand names. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search