LuxExperience boosted by Mytheresa sales in the first quarter but weighed down by losses

The new luxury e-commerce giant, created in early 2025 from the merger of Mytheresa and Yoox Net-a-Porter (Ynap), saw its losses widen with sales declining from July to September. However, its CEO remains confident in the group’s momentum, driven by the strong performance of the Mytheresa platform.

In life, it’s all about perspective.

The results of LuxExperience for the first quarter of 2025-26, which ended on September 30, have been received very differently by the stock market on the one hand and its CEO, Michael Kliger, on the other.

The former sees the glass as half full, while the latter sees it as half empty…

Shares in decline

LuxExperience shares fell at the close of trading on the New York Stock Exchange on November 20, the day the group published its quarterly results. The luxury fashion retailer was created in early 2025 from the merger of Mytheresa and Yoox Net-a-Porter (Ynap).

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Featured photo: © Mytheresa