Meet the CFO #33 Martin Beer | Mytheresa

Gucci, Moncler, Prada, Valentino, Balenciaga - what sounds like the hook of a new German rap song also describes the Mytheresa.com range. Mytheresa is the market leader in e-commerce for luxury fashion. Originating from a boutique in the centre of Munich, the company was founded in 2006, recorded a turnover of 747.3 million euros in 2022 and has been listed on the New York Stock Exchange since 2021.

Martin Beer has been leading the Mytheresa story as CFO since 2019 and has experienced exciting times. First, in 2020, the then parent company, the Neiman Marcus Group, filed for insolvency and Mytheresa was rescued from the bankruptcy estate by financial investors. Martin Beer then accompanied the IPO. Since then, the company has struggled with plummeting share prices. While the first stock market price in 2021 was USD 35.85, the share is currently (as of Nov. 2023) trading at less than USD 3.00. In the latest episode, you can find out why Martin is nevertheless very hopeful about the future, how he experienced his eventful time at the company and why he was initially afraid of being perceived as an "arrogant snob".

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