Neiman Marcus acquires Mystheresa for €150 million

By

Bruno Joly

Published
Sep 22, 2014

Neiman Marcus, which has just published its annual results, has announced that it spent 150 million euros in purchasing the German site Mytheresa and the physical store Theresa.
The store and site, both based in Munich, together generate about 100 million euros in net sales. 

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During its last fiscal year, which ended in early August, the American group (the retailers Neiman Marcus, Bergdorf Goodman...) saw its sales grow on a comparable basis by 5.5% to 4.84 billion dollars, or 3.76 billion euros. Net losses amounted to 147.2 million, losses that were in part attributable to acquisitions.