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Mytheresa Taps Former Christie’s Executive Francis Belin as CEO
Yahoo Finance· 2025-11-25 15:31
Company Overview - Mytheresa is a luxury e-commerce platform founded in Munich in 1987, transitioning to online sales in 2006, offering a curated selection of up to 250 high-end brands, including Gucci, Prada, and Valentino [6] - In fiscal year 2025, Mytheresa generated revenues of 988.5 million euros [6] Leadership Changes - Francis Belin, a former executive at Christie's, has been appointed as the new CEO of Mytheresa, effective January 1 [1] - Belin's appointment aims to sustain Mytheresa's strong global growth trajectory [1] - Michael Kliger, the previous CEO of Mytheresa for 10 years, will continue to oversee the overall strategy of Mytheresa and other brands under LuxExperience [2][5] Strategic Goals - Belin is expected to leverage his extensive luxury experience to drive Mytheresa's next phase of global growth and enhance its position as a leader in the luxury market [4] - Kliger expressed confidence in Belin's customer-centric approach and collaborative leadership style, which are seen as vital for the future of Mytheresa [2] Recent Acquisitions - LuxExperience acquired Yoox Net-a-porter (YNAP) from Compagnie Financière Richemont, trading a 33% stake in the combined business for 555 million euros in cash [3]