Mytheresa

Mytheresa is a luxury e-commerce platform founded as a boutique in 1987. Mytheresa launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear, kidswear and lifestyle products. Its CEO is Michael Kliger and it ships to over 130 countries.

In January 2021, Mytheresa filed an IPO on the New York Stock Exchange that valued the company at $2.2 billion; its valuation increased to $3 billion on its first day of trading.

History
The Mytheresa online shop was founded in 2006 by Susanne and Christoph Botschen and is associated with the eponymous multi-brand store in Munich (previously the THERESA store).

In 2014, the physical THERESA store and mytheresa.com were acquired by American luxury retailer Neiman Marcus for €150m, giving Neiman Marcus greater access to international customers and bolstering their e-commerce technology. During Neiman Marcus's 2020 bankruptcy, the company began the process of spinning off mytheresa as an independent entity. In January 2019 Mytheresa launched a kidswear category, and January 2020 saw the launch of Mytheresa Men. A new homeware and lifestyle category Life followed in May 2022. In 2022, Mytheresa expanded its luxury offering to home décor and lifestyle products.

In 2023, Mytheresa announced the launch of certified pre-owned watches from over 25 luxury brands, such as Audemars Piguet and Cartier, in collaboration with Swiss jewelry and watch company Bucherer.

As a global retailer, Mytheresa operates in 8 languages: English, German, French, Italian, Spanish, Arabic, Chinese, and Korean. According to an interview on February 23, 2023, Michel Kliger, a representative of the company, stated, 'Wir entlassen nicht, wir stellen ein' (German for 'We don't dismiss, we hire'). However, in November of the same year, the company faced significant financial challenges and subsequently laid off over 70 employees, constituting nearly 10% of their inhouse workforce at the Munich headquarters.