Milbank LLP advised mytheresa.com GmbH (“Mytheresa”) on its first syndicated revolving credit facility. The terms of the credit facility are linked to the achievement of specific climate and social corporate goals. The goals, which include reducing CO2 emissions per order and promoting a women's quota for certain positions in the company, reflect Mytheresa’s strong commitment to sustainability and social responsibility.
Mytheresa is the leading luxury multi-brand digital platform, shipping to over 130 countries. Founded as a boutique in 1987, Mytheresa launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear and kidswear. In 2022, Mytheresa expanded its luxury offering to home décor and lifestyle products with the launch of the “Life” category. The highly curated collection of over 200 brands focuses on true luxury brands such as Bottega Veneta, Burberry, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, Valentino and many more. Mytheresa’s unique digital experience is based on a sharp focus on high-end luxury shoppers, exclusive product and content offerings, and leading technology and analytical platforms, as well as high-quality service operations.
The Milbank team that advised Mytheresa on the financial aspects of the transaction was led by partner Barbara Mayer-Trautmann and included associate Anna Merkl (both Finance).
