Retail

LuxExperience Sells The Outnet Assets In A $30 Million Deal

LuxExperience has signed a deal to sell the assets powering THE OUTNET platform to The O Group LLC for a cash consideration of $30 million, subject to a customary inventory adjustment at closing.

LuxExperience Sells The Outnet Assets In A $30 Million Deal
Retail

LuxExperience Sells The Outnet Assets In A $30 Million Deal

LuxExperience has signed a deal to sell the assets powering THE OUTNET platform to The O Group LLC for a cash consideration of $30 million, subject to a customary inventory adjustment at closing. The move carves out its off‑price outlet business while accelerating LuxExperience’s transformation into a more focused luxury e‑commerce group.

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