02:42 PM EDT, 04/02/2024 (MT Newswires) -- (Updates with Mytheresa's response in the fourth paragraph.)

MYT Netherlands Parent's (MYTE) Mytheresa is among the potential bidders to acquire Richemont's e-commerce business Yoox Net-a-Porter, The Financial Times reported Tuesday, citing people with knowledge of the process.

Other possible bidders are private equity firms Bain Capital and Permira, with Permira exploring a potential deal through its portfolio company BestSecret, according to the report.

The companies, however, have reservations about the transaction because of ongoing losses at Yoox Net-a-Porter that are likely to extend into the coming years, the report said.

Mytheresa told MT Newswires that the company is always looking for growth opportunities, including M&A, but declined to comment on Yoox Net-a-Porter deal.

Bain Capital and Richemont did not immediately respond to MT Newswires' requests for comment. Permira declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 3.42, Change: -0.10, Percent Change: -2.84