I expect it to redirect to the singular version of the URL -- https://wordpress.com/theme/textbook -- since the old URL format used the plural /themes/. I think it used to redirect, but I may be incorrect.
I just got a blank/404 page:

Unfortunately, this link format is used in pretty much every single Automattic theme, and the links are visible in places like the WordPress.org theme showcase (eg. https://wordpress.org/themes/dyad/)
I noticed there was a similar issue with the /design URL (#20416) -- possibly related?
Hat tip to @annezazu who reported this via Slack (interal ref: p1512154183000077-themes).
Investigating with @samouri to see if this is related to https://github.com/Automattic/wp-calypso/pull/20267 user bootstrapping changes. About 8 days ago.
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Investigating with @samouri to see if this is related to https://github.com/Automattic/wp-calypso/pull/20267 user bootstrapping changes. About 8 days ago.