German luxury electric dealer Mytheresa intends to sell

ABSRTACT: Reuters cited the German luxury goods electric dealer Mytheresa has commissioned Goldman Sachs to find buyers for it. Mytheresa was developed in 2006 by Christoph Botschen and Susanne Botschen, a fashion luxury entity boutique in Munich in 1987

The German luxury electric dealer Mytheresa has commissioned Goldman Sachs to look for buyers, Reuters quoted the news as saying.

Mytheresa was developed in 2006 by Christoph Botschen and Susanne Botschen, a fashion luxury entity boutique in Munich in 1987, and private equity funds Theresa Capital After partners bought a minority stake in Mytheresa in 2010, the Botschen is still the controlling shareholder of the two independent business entities, Theresa and MyTheresa.com.

Dolce and Mytheresa are sold for luxury brands such as Valentino Valentino, Givenchy Givenchy, Dolce&gabbana Net-a-porter and Tod ' s. COM, the main competitor, achieved a total sales of 66 million euros in 2013, a 50% increase from 44 million euros in 2012, and a more promising breakthrough of 100 million euros this year. Christoph Botschen had pointed out that Mytheresa had been profitable at the beginning of the line, with a net profit of € 2.5 million in 2012.

Earlier this year, Mytheresa hired the British luxury department store Harrods Harold former fashion director Paula Reed as creative director, responsible for Mytheresa's editorial direction and helping the site develop its "special program" with designers and brands.