LuxExperience Has Reached an Agreement to Sell the Set of Assets Powering THE OUTNET Platform (“THE OUTNET Assets”) Presenting a Tailored Solution for THE OUTNET That Also Accelerates the ...
LuxExperience B.V. American Depositary Shares, each representing one Ordinary Share (LUXE)
Company Research
Source: Business Wire
THE OUTNET Assets to be transferred will include the relevant brand rights, customer data, full inventory and the US distribution center as well as required work-force in the US and the UK employeesA Cash consideration of USD 30 million is paid for THE OUTNET Assets, which is subject to adjustment based on inventory levels at closing, and for a certain period after closing LuxExperience will provide certain operational and IT services all priced at cost levelLuxExperience will continue its commercial relationship with THE OUTNET also after closing of the transactionTransaction is expected to enable THE OUTNET to achieve its full potential under a renewed independent, stand-alone business modelThe divestment of THE OUTNET Assets allows LuxExperience to focus off-price resources on its YOOX business and accelerate the overall transformation plan in regards to an efficient infrastructure platform for NET-A-PORTER and MR PORTERClosing of the transaction is expected in Q1 2026, subject to
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- LuxExperience B.V. (NYSE:LUXE) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- LuxExperience B.V. (NYSE:LUXE) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- LuxExperience Appoints Francis Belin as New Mytheresa CEOBusiness Wire
- LuxExperience B.V. (NYSE:LUXE) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "sell (d-)" rating to a "hold (c-)" rating.MarketBeat
- LuxExperience B.V (LUXE) Is Down 8.7% After Q1 Sales Surge but Losses Deepen - What's Changed [Yahoo! Finance]Yahoo! Finance