GERMANY - Acton acquires stake in mytheresa
Acton Capital Partners has acquired a minority stake in luxury online retailer mytheresa through an undisclosed investment.
The company will use the funds to build on its position in Germany and to accelerate business growth abroad.
mytheresa is based in Munich and was established in 2006. The online retailer carries the current collections of over 120 luxury brands, including Burberry Prorsum, Christian Louboutin, Marc Jacobs, Miu Miu, Tod's and Yves Saint Laurent.
The company generated revenue in 2009 in the tens of millions of euros.
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