MyTheresa is always a little slower on markdowns than many other luxury retailers but its sale is about to get interesting. Starting Friday, MyTheresa will begin offering an extra 20% off a selection of sale items but we were given the thumbs up to share the link with MadSpy readers for early access now.
MyTheresa is a popular European online luxury store based in Munich, Germany. The site was acquired by Neiman Marcus in 2014. Most recently, Neiman Marcus was accused by its creditors of attempting to secretly transfer the lucrative MyTheresa asset into the hands of its private equity group. The transfer to new ownership would effectively block creditors from making claims on the asset in the event of a bankruptcy.
But enough about retailer gossip, back to our private promo link!
Some of the better finds include a large variety of Valentino bags that come out to about 50% off. This beach bag is available in every combination but my favorite is the canvas and leather that comes to $780 from $1400. This Shift Balenciaga bag comes to $667 from about $1400. A drawstring bag from TheRow is $480 from $1200 and the satin Ascot bag is $400 from $990.
Going for shoes, you’ll find Paris Texas high boots for $500 from $1040, Nicholas Kirkwood Beya loafers come to $260 from $540 and Givenchy slides are $385 from $690. The best part is many shoe styles are still available in a full assortment of sizes.
Over among the clothing, you’ll find this Balmain blazer that’s about $1000 from $2300 US retail and a tank with buttons along the shoulders is $140 from $395 US retail. A Versace silk skirt comes to $400 from $1250 and those hugely popular Khaite jeans are $200 from $400.
After all the extreme markdowns we’ve seen, not all of the merchandise on MyTheresa might seem so inexpensive. Sometimes that’s the tradeoff you get for finding full-size ranges this late in the season. On the bright side, some items are priced lower than in the US. (Balmain is a clear example.) Also, there is no sales tax, duties or shipping charges. Maybe that’s why Neiman’s is trying to stash the site.