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The sale is a strategic step in line with LuxExperience's transformation plan unveiled last May to simplify its operating model and gain efficiencies.

LuxExperience, the parent company of Mytheresa, has announced the sale of off-price etailer The Outnet for a cash consideration of $30m (£22.8m) today (31 October) to New York-based The O Group.

1 FY 25 Net Sales number from July 2024 to June 2025 is illustrative as if THE OUTNET was part of the LuxExperience Group for the full period presented.

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