Home / Knowledge / News / Apparel/Garments / Neiman Marcus acquires German fashion etailer mytheresa
Neiman Marcus acquires German fashion etailer mytheresa
16
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 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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