Core Insights - LuxExperience B.V. has agreed to sell The Outnet website to The O Group LLC for $30 million, with The Outnet generating net sales of 260 million euros in fiscal year 2025 [1][2] Group 1: Transaction Details - The O Group is acquiring all necessary assets for The Outnet, including brand rights, customer data, inventory, and the U.S. distribution center, along with control of The Outnet's workforce in the U.S. and the U.K. [2] - The purchase price of $30 million is subject to adjustment based on inventory levels at the time of closing [2] - The closing of the deal is expected in the first quarter of 2026, pending regulatory approvals and payment of the purchase price [3] Group 2: Strategic Implications - LuxExperience will maintain a commercial relationship with The Outnet post-sale, providing merchandise and certain operational and IT services at cost for a limited period [3] - The divestment aligns with LuxExperience's transformation plan announced in May 2025, aimed at simplifying its operating model and focusing resources on regaining growth for its Yoox business [6] - The transaction is expected to allow The Outnet to operate as an independent business, enhancing its potential under a renewed model [6] Group 3: Company Background - LuxExperience is a leading digital, multibrand luxury group, operating luxury e-commerce websites such as Mytheresa, Net-a-porter, and Mr Porter, with The Outnet and Yoox in the off-price segment [4] - The company reported strong fiscal fourth-quarter results, with earnings per share of 4.67 euros and revenues of 587.8 million euros [7] - LuxExperience finalized its acquisition of Yoox Net-a-porter from Richemont in April, gaining 555 million euros and a 100 million-euro credit facility [6]