Mytheresa to Add Richemont CFO Burkhart Grund to Supervisory Board Following YNAP Acquisition

Burkhart Grund, Richemont CFO, set to join Mytheresa’s Supervisory Board as part of the YNAP acquisition agreement.

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Mytheresa has announced the nomination of Burkhart Grund, Chief Financial Officer of Richemont, as an additional member of its Supervisory Board. His appointment is subject to the successful completion of Mytheresa’s acquisition of YOOX NET-A-PORTER (YNAP), pending regulatory approvals and other customary conditions. The nomination will be presented for shareholder approval at an Extraordinary General Meeting on 6 March 2025.

Strategic Expansion: Mytheresa’s Acquisition of YNAP

The nomination follows Mytheresa’s agreement with Richemont, signed on 7 October 2024, to acquire YNAP—a move that consolidates major luxury e-commerce platforms, including NET-A-PORTER, MR PORTER, YOOX, and THE OUTNET. This acquisition positions Mytheresa as a leading global multi-brand luxury digital retailer.

As part of the deal, Richemont retains the right to nominate a representative to Mytheresa’s Supervisory Board, resulting in Grund’s proposed appointment. Upon closing, the board will expand to eight members while maintaining a majority of independent directors in line with NYSE and Dutch Corporate Governance Code standards.

Burkhart Grund brings over two decades of experience in luxury brand finance. He began his tenure at Richemont in 2000 as CFO of Montblanc France, later serving as CFO of Van Cleef & Arpels before advancing to Group Deputy Finance Director. In 2017, he was appointed Group CFO and joined Richemont’s Senior Executive Committee.

Grund holds a degree in Business Administration from Georgia Southern University, US, and pursued graduate studies in International Finance at Münster University, Germany. His expertise in financial strategy and corporate governance will be instrumental as Mytheresa integrates YNAP and scales its global operations.

A Vision for Growth and Innovation

Nora Aufreiter, Chair of the Supervisory Board of Mytheresa, expressed enthusiasm for Grund’s nomination, stating:

“With Burkhart Grund, we look forward to welcoming an internationally experienced financial expert to our board. His expertise will be invaluable as we accelerate profitable growth and drive the sustainable success of our combined companies post-transaction.”

The acquisition is expected to be finalized in the first half of 2025, pending antitrust approvals and other regulatory requirements.

About Mytheresa

Founded in 1987 as a luxury boutique, Mytheresa has evolved into a leading global digital luxury platform. Since launching online in 2006, the company has expanded its offerings across womenswear, menswear, kidswear, lifestyle, and fine jewellery, shipping to over 130 countries. Its curated selection includes renowned luxury brands such as Bottega Veneta, Brunello Cucinelli, Gucci, Loewe, Moncler, Prada, and Saint Laurent.

Mytheresa reported a €913.6 million GMV for fiscal year 2024, marking a 7% year-over-year growth. With the integration of YNAP, the company is poised to redefine the luxury e-commerce landscape, enhancing its digital experience and global reach.

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