DivestmentApr 30, 2026, 04:10 PM
LUXE Closes Sale of THE OUTNET Platform Assets
AI Summary
LuxExperience B.V. announced the successful closing of the sale of the assets powering THE OUTNET platform to The O Group LLC, which has been renamed The Outnet Operations US, LLC. This completion follows the binding agreement initially announced on October 31, 2025, and the fulfillment of all necessary conditions, including regulatory approvals.
Key Highlights
- LuxExperience B.V. (LUXE) announced the closing of the sale of assets powering THE OUTNET platform.
- The buyer is The O Group LLC, now renamed The Outnet Operations US, LLC.
- The transaction follows a binding agreement announced on October 31, 2025.
- All conditions, including regulatory approvals, were fulfilled for the completion of the sale.