LuxExperience B.V. announced the closing of the sale of assets powering THE OUTNET platform to The Outnet Operations US, LLC. The transaction followed an agreement announced October 31, 2025, and receipt of all unconditional regulatory approvals.
LuxExperience B.V. will release third-quarter fiscal 2026 results before the U.S. market opens on May 19, 2026. A conference call to discuss the results will follow at 8:00am Eastern Time that day.
LuxExperience Group reported Q3 FY26 net sales of €618.4 million, flat on a constant-currency basis and down 5.2% reported year over year, and a second consecutive quarter of adjusted EBITDA profitability, with a 0.9% margin.
LuxExperience outlines restructuring measures under a transformation plan for its acquired YOOX Net-a-Porter (YNAP) business, aiming to regain growth and financial strength after years of decline. The measures could affect around 700 employees across several jurisdictions.
