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Luxury Goods Group Richemont Wraps Up Sale of YNAP to Mytheresa
MYT Netherlands | 6-K: Report of foreign private issuer (related to financial reporting)
Press Release: Mytheresa Announces Third Quarter of Fiscal Year 2025 Earnings Release and Conference Call; LuxExperience Strategic Update Call; Participating in Upcoming Investor Conferences
It's not just about tariffs; the Luxury Goods Industry is facing a perfect storm of a 'weak dollar + strong Gold.'
The threat of tariffs is just the tip of the iceberg. The depreciation of the dollar against the euro has directly weakened the profitability of European Luxury Goods companies in the USA market; the surge in Gold prices has increased the input costs for watch and jewelry manufacturers.
MYT Netherlands Parent to Change Name, Ticker Symbol
European Commission OKs Mytheresa's Purchase of YOOX Net-A-Porter