The Glossy Podcast
Mytheresa’s Michael Kliger on competing for luxury shoppers: 'In the end, the customer is the judge'
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:44:08
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Sinopsis
Luxury fashion has quickly morphed away from Old Hollywood glamour to sneakers and nylon belts. But for online retailer Mytheresa, that air of sophistication and charm is still the heart of its business. "We love the true luxury part of the [fashion] business," said Michael Kliger, CEO of Mytheresa, on this week's Glossy Podcast. "It is by definition a limited set of brands that you could count as luxury." With roots as a boutique in Munich starting in 1987, Mytheresa has evolved alongside changes in luxury, including with its launch of a menswear category in 2020 and the company's IPO in January. Although the retailer maintains a focus on "traditional" luxury brands, like Valentino, Prada and Gucci, as well as occasions, like a "garden party," Mytheresa also carries "cooler, new [brands] like Jacquemus," in response to evolving customer tastes, which accelerated during the pandemic, said Kliger. In contrast to other luxury retailers, Mytheresa carries fewer than 250 brands, living up to its tagline of, 'The