LuxExperience B.V., the digital, multibrand luxury group that includes Mytheresa, has agreed to sell The Outnet website to The O Group LLC for $30 million. The Outnet sells luxury fashion from previous seasons at off-price. It generated net sales of 260 million euros in fiscal year 2025, the company indicated. More from WWD The O Group is buying from LuxExperience all of the assets necessary to power The Outnet, including brand rights, customer data, inventory, and the U.S. distribution center, and is al ...

LONDON — Alison Loehnis has joined JP Morgan as a senior adviser in the consumer and retail investment banking team and will focus on luxury and lifestyle brands sector. She was tapped by Jeannette Smits van Oyen, global head of consumer and retail investment banking at JP Morgan, and began work earlier this month. She is based in London. More from WWD Smits van Oyen said Loehnis’ “extensive leadership experience, global network and industry relationships will provide invaluable insight as we continue to ...