MUNICH/FRANKFURT (Reuters) – Online luxury fashion retailer MyTheresa plans to list on the New York Stock Exchange, taking advantage of robust equity markets, people close to the matter said.
Its owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, they added.
The buyout fund Ares, which owns Neiman Marcus, and Morgan Stanley declined to comment, while MyTheresa was not available for comment.
The firm, which sells clothes from 250 of the world’s most covetable fashion brands including Prada, Gucci, Burberry and Dolce&Gabbana, may be valued at around $500 million in a potential deal, one of the sources said.
MyTheresa peers such as Zalando, Global Fashion and Asos are listed in Europe, but the firm is still opting for a listing in New York, the sources said, following fellow online fashion retailers Farfetch and The RealReal.
The pair had successful market debuts but have since struggled, with both companies’…
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