Farfetch
This coverage explores Farfetch’s strategy, operations, and influence within the UK luxury and online retail sector. Reporting focuses on financial performance, partnerships, platform developments, leadership changes, and market positioning. Tailored for retail executives, digital managers, and brand owners analysing e-commerce innovation, premium fashion trends, and strategic shifts in the luxury marketplace.
-
Mar- 2024 -1 MarchClothing & Shoes
Stuart Hill leaves Matches for DHL CEO role
Stuart Hill, COO of Matches Fashion, is set to leave his role to join DHL UK as its new CEO. In his new role, Hill will lead the company through the next phase of growth and oversee the opening of the company’s second hub in Coventry later this year. Prior…
Read More » -
Feb- 2024 -16 FebruaryNews
Today’s news in brief-16/2/24
In January 2024, the UK experienced a significant rebound in retail sales, rising by 3.4% following a 3.2% decline in December. This surge, the largest since April 2021, comes amidst continued inflation, with prices increasing by 4% in January. Despite the rise in prices, consumer spending increased by 3.9%, indicating…
Read More » -
16 FebruaryNews
Farfetch CEO to step down following Coupang rescue deal
Farfetch founder and CEO Jose Neves is reportedly stepping down from the company following the sale of the business to South-Korean e-commerce company Coupang, according to The Telegraph. According to an internal memo sent to the staff on Thursday, Neves will remain at the company in a consultancy role and…
Read More » -
8 FebruaryNews
Today’s news in brief-8/2/24
Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who had previously served as chief product officer at Deliveroo and co-founded Maple, brought valuable experience to the company. Farfetch’s decision to remain silent on shareholder concerns hinted at ongoing turbulence.…
Read More » -
8 FebruaryNews
Farfetch appoints new director following Coupang sale
Farfetch has appointed Akshay Navle as a new director following the sale of the company to Coupang. According to the retailer’s Companies House filing, Navle started his new role on 26 January. He is currently the COO of money transfer service company ZEPZ. Prior to that, he was chief product…
Read More » -
2 FebruaryNews
Today’s news in brief-2/2/24
The overall percentage of UK-listed companies issuing profit warnings reached 18.2%, surpassing the levels observed during the 2008 financial crisis. Particularly, the FTSE retail sector struggled, with two in every five retailers issuing profit warnings. The retail industry issued a total of 24 profit warnings in 2023, indicating a notable…
Read More » -
2 FebruaryNews
Farfetch completes sale to Coupang
Farfetch has completed the sale of its business to the South Korea marketplace company Coupang for $500m (£392m). With the original agreement, which was announced on 18 December, Farfetch agreed that it had until 30 April to explore other creditors for the sale but now the deal has been finalised. …
Read More » -
Dec- 2023 -19 DecemberNews
Today’s news in brief
South Korean e-commerce giant Coupang has reportedly reached an agreement to acquire Farfetch in a $500m rescue deal. The transaction involves a bridge loan to Farfetch and negotiations with a group of debtholders holding a significant portion of Farfetch’s term loan. The London-based luxury retailer is expected to undergo acquisition…
Read More » -
19 DecemberClothing & Shoes
Farfetch acquired by Coupang in $500m rescue deal
South Korean ecommerce group Coupang has agreed to acquire Farfetch, which had been seeking a rescue deal in recent weeks, The Financial Times has reported. The rescue deal, which also involves Greenoaks Capital Partners, will see Farfetch receive a $500m (£394m) bridge loan to help it continue operating. Coupang negotiated…
Read More » -
18 DecemberNews
Today’s news in brief-18/12/23
Farfetch is reportedly in advanced talks with a private equity-backed buyer for a last-minute rescue deal. The deal, if successful, would involve taking Farfetch off the stock market in a take-private transaction and would result in the company receiving $500m (£394m) in emergency funding. Talks are ongoing, and while Farfetch…
Read More »
