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An online luxury mall selling designer clothes, jewelry, and watches under brands like Mytheresa and NET-A-PORTER to shoppers in Europe and the US. Think of it as a digital Fifth Avenue for high-end fashion.
Revenue hit EUR 1.25B in fiscal 2025 with a 44% net margin, but the latest quarter lost EUR 0.04B. Money comes from retail markups on luxury goods—gross margins hover around 46%, though profits swing wildly quarter to quarter.
Luxury brands like Gucci and Prada grant exclusive distribution rights, and customers trust these established storefronts over newcomers. However, Farfetch and Amazon Luxury are aggressively courting the same labels, and the recent quarterly losses show pricin
