Richemont : Nearly done with YNAP
>YNAP sold to Mytheresa for a 33% stake in the luxury e-tailer - A deal has been confirmed between Richemont and the luxury e-tailer Mytheresa (not covered) for the sale of the YNAP operations in their entirety. Richemont will get a 33% stake in the combined venture in exchange but has agreed to leave YNAP with a net cash position of € 555m, provide the activity with a 6-year € 100m revolving credit facility and will undergo a €1.3bn impairment charge as a result of t...Compagnie Financiere Richemont is engaged in the luxury goods market. Co.'s interests encompass some names such as Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill, Montblanc and Net-a-Porter. Co.'s luxury goods businesses are separated into four segments: Jewellery Maisons (design, manufacture and distribution of jewellery products), Specialist Watchmakers (design, manufacture and distribution of precision timepieces), Montblanc Maison (design, manufacture and distribution of writing instruments) and Other Businesses (Alfred Dunhill, Lancel, ChloA(c), Net-a-Porter, Purdey, textile brands and other manufacturing entities).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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