SIGNA Luxury Marketplace GmbH signed a contract to acquire 60% stake in mybestbrands GmbH from Ecommerce Alliance AG (DB:ECF) and others on June 16, 2017. As per the terms of the deal, Ecommerce Alliance AG will sell 12% stake in mybestbrands GmbH. The remaining shares of Mybestbrands will remain in the hands of Managing Board Members and founders Jörg Domesle and Moritz Seidel. mybestbrands GmbH recorded gross revenues of approximately €100 million in 2016. Jörg Domesle and Moritz Seidel will continue to manage mybestbrands GmbH independently in the future. SIGNA Luxury Marketplace GmbH completed the acquisition of 60% stake in mybestbrands GmbH from Ecommerce Alliance AG (DB:ECF) and others in mid of June 2017.