MYT Netherlands Parent B.V. (NYSE:MYTE), also known as Mytheresa, stock is trading higher after it entered into a binding agreement with Richemont to acquire YOOX NET-A-PORTER (YNAP).

What To Know: Richemont will sell YNAP to Mytheresa with a cash position of $609 million and no debt. In return, Richemont will receive a 33% equity stake in Mytheresa. Also, Richemont will provide a $109 million revolving credit facility to YNAP. This transaction is expected to close during the first half of 2025.

"With this transaction, Mytheresa aims to create a pre-eminent, multi-brand, digital, luxury group worldwide. MYTHERESA, NET-A-PORTER and MR PORTER will offer differentiated but complementary multi-brand luxury edits based on curation, inspiration and outmost customer service," said Michael Kliger, CEO of Mytheresa.

How To Buy MYT Netherlands Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in MYT Netherlands Parent (NYSE:MYTE)'s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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MYTE Price Action: At the time of writing, Mytheresa stock is trading 20.9% higher at $5.21 per data from Benzinga Pro.

Image: 5846648 from Pixabay