Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Mytheresa hires Goldman Sachs to explore sale

Premium fashion etailer Mytheresa has hired Goldman Sachs to hunt for a buyer for the German-based company, Reuters has reported.

Mytheresa, founded in 2006, carries more than 180 designer collections including Miu Miu, Alexander McQueen and Jimmy Choo.

Co-founder and chief executive Christoph Botschen told Drapers earlier this month that the company recorded sales of €66m (£49.4m) in 2013 and expects this to leap to €100m (£82m) this year. He said Mytheresa has been profitable since the company was started.

In 2010, buyout group Acton Capital Partners took a minority stake in Mytheresa.

Mytheresa also operates a 14,000 sq ft store in Munich, which Botschen opened with his wife Susanne in 1987. Former Harvey Nichols fashion director Paula Reed joined the company in January as creative director.

Goldman Sachs declined to comment.

Mytheresa were not available for comment.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.