Mytheresa online revenues up 27%

Mytheresa

Munich-based global luxury platform Mytheresa.com has announced online revenues up 27% to €303m (FY17: €245m) in the fiscal year ending 30 June 2018.

The platform, which has recently undergone a revamp along with the globally renowned Munich-based boutique from which it was born, stocks more than 200 luxury brands such as Balenciaga, Gucci, Saint Laurent and Prada.

It was established in 2006 as a spin off of the Theresa boutique (which itself was founded in 1987 and has been rebranded as Mytheresa to bring it into line with the online presence) and it was acquired by the Neiman Marcus group in 2014.

Mytheresa
Mytheresa boutique in Munich

Lately it has been expanding rapidly with dedicated international versions of its site, most recently launching a Spanish language version to target the South American market in particular.