Online luxury fashion retailer Mytheresa is growing rapidly – news: business (# 1333752)



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The Bavarian online retailer Mytheresa, which has been listed on the New York Stock Exchange since the beginning of the year, is continuing its rapid growth.


In the last quarter of its financial year, which runs until June, the turnover of the company specializing in luxury fashion rose by more than a third. For the year as a whole, it was a good 36 percent plus at 612 million euros.

The bottom line is that the company earned a good 32 million euros in the past twelve months. That is two-thirds more than last year, although profits fell in the fourth quarter.

Company boss Michael Kliger justified the interim decline in earnings with one-off effects. Among other things, according to the company, it was still about costs from the IPO. Kliger is confident that the company’s growth will continue after Corona. The pandemic brought a large number of new customers to the company, on which basis it wants to grow further.

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