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LuxExperience to Sell The Outnet
Yahoo Financeยท 2025-10-31 20:06
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 ...