I am often asked about MyTheresa and its roll with Neiman Marcus. The online luxury site was started in Munich, Germany in 2006. The site was acquired by Neiman Marcus in 2014. Late last year, 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 blocked creditors from making claims on the asset during bankruptcy. Just this week, Neiman Marcus was accused of inaccurately disclosing assets. You can read the full story here.
MyTheresa is always a little slower on markdowns than many other luxury retailers but the discounts are coming. This week, MyTheresa started a private sale and MadSpy readers can access it now with this link.
The markdown is 30% off on most items and the assortment includes a variety of designers including, Balenciaga, Balmain, and Versace. Some standout items include Balenciaga heels are $630 from $900, a Balmain cropped tee is $200 from $300 and a Versace dress is about $1300 from $1925.
This sale opens to the public on Friday. MyTheresa will likely follow this up with a promotion and then another markdown. It’s hard to grab them but the deals on MyTheresa can get very good. You can be sure we will be sleeping with one eye open.