LuxExperience Sees 6% Dip in Fiscal Year Sales, MyTheresa Stands Out with Growth

LuxExperience presents its first results following the merger between Mytheresa and Yoox Net-a-Porter (Ynap). The luxury digital group, which now groups Mytheresa, Net-a-Porter and an off-price segment with Yoox and The Outnet, ended the 2025 financial year (ended June 30th) with a drop in turnover for the entire group. Of the group’s three business lines, only MyTheresa posted growth, which the holding company now expects to carry over to the other two lines as well.

LuxExperience’s aggregate sales stood at €2,751.7 million at the end of the fiscal year (period ended June 30th), down 5.9% on the previous year’s aggregate figure. The group did raise its GMV (gross merchandising value) during the period to €988.5 million, while profits stood at €552.3 million.

LuxExperience was officially formalized in the middle of this year, the result of the merger of Mytheresa and Yoox Net-a-Porter (Ynap), and has set out a strategic plan to reach 4 billion euros in annual sales by 2030, with the challenge of reversing the poor Ynap results.

LuxExperience plans to achieve combined sales of €4 billion by 2030

According to information shared today by the group, in fact, MyTheresa alone posted sales growth during the period. Specifically, through this new business unit, the group accumulated annual sales of €916.1 million, up 8.9% on the previous year.

Net-a-Porter’s turnover amounted to €1.042 billion, a double-digit drop of almost 11% compared to the previous year. In the off-price segment, which includes both Yoox and The Outnet, LuxExperience recorded aggregate sales of another €792.8 million, 13.15% less than the previous year.

“LuxExperience is in the best place to become the best destination for luxury enthusiasts around the world, bringing together in one place the most iconic brands in the digital world,“ said the CEO of the hólding, Michael Kliger. The executive is confident in the results obtained during this first year of LuxExperience, as a “solid foundation” to achieve long-term growth throughout the group.