Pitching investors on a buyout that would take the company private, and looking at acquiring Net-a-porter. This buyout would let the Munich-based Mytheresa rev up its operations away from the glare of Wall Street.

And acquiring Net-a-porter, a possibility first reported by The Financial Times, would bolster the company’s operations significantly as it currently ships out of Germany, while Net-a-porter has a complementary distribution system in the U.S. and Asia.

Mytheresa, which is said to be working with bankers at Morgan Stanley and B. Riley as it explores its options, isn’t the only player interested in Net-a-porter. 

Compagnie Financière Richemont plans to sell its long troublesome Yoox Net-a-porter operation this year, after its previous deal to dispose of the business fell apart during Farfetch’s meltdown.