Sales Soar At Mytheresa

The etailer increased its gross profit by 31.1% year on year to €137.3m (£119.1m). Adjusted EBITDA rose to €32.6m (£28.3m), a 89.1% increase year on year. Its adjusted operating profit rose to €28.5m (£24.7m), a 113.3% jump on the previous year. In the six-month period Mytheresa expanded its menswear collection and launched exclusive capsule collections and pre-launches with designers including Valentino, Moncler, Dolce & Gabbana, Loewe, Christian Louboutin, and Max Mara. The online retailer achieved a record number of first time buyers, totalling over 100,000 in the three months to December 2020. Read more at Drapers.