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.
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Aug- 2023 -10 AugustClothing & Shoes
Farfetch to cut headcount amid restructure
Farfetch is reportedly making redundancies across both its London and New York teams amid a restructuring of the group, Drapers has reported. According to Drapers, the move has impacted an estimated 10 people from its London-based marketing team, as well as some workers in its New York-based tech team. In…
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2 AugustNews
Farfetch appoints new CFO
Farfetch, the leading global platform for the luxury fashion industry, has announced the appointment of Tim Stone as chief financial officer, effective from September. Stone brings vast experience from marketplace and technology platform businesses to his new role. He spent more than 20 years in senior finance roles at Amazon,…
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Jun- 2023 -2 JuneClothing & Shoes
Farfetch announces New Guards Group management changes
Farfetch, the global platform for the luxury fashion industry, has appointed Cristiano Fagnani to the role of CEO of Off-White. He also remains responsible for New Guards Group’s (NGG) Reebok business as CEO of NGG++. Stephanie Phair has also been appointed chair of NGG and NGG CEO, Davide De Giglio,…
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May- 2023 -19 MayLuxury Goods
Farfetch falls to £140m loss in Q1
Luxury fashion platform Farfetch revealed a loss after tax of $174m (£140m) for the first quarter ended 31 March 2023, despite its revenue increasing by 8% year-over-year to $556.4m (£448.4m) in the same period. While the group’s digital platform gross merchandise value (GMV) decreased by 1% year-over-year to $799m (£643m),…
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4 MayNews
Farfetch launches Reebok partnership
Farfetch, the leading global platform for the luxury fashion industry, has recently launched its European partnership with Reebok, following its acquisition in 2022. The partnership is being managed by New Guards Group (NGG), a wholly owned Farfetch company. NGG has formed a new division, NGG++, to operate the Reebok brand…
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Feb- 2023 -24 FebruaryPeople Moves
Farfetch CFO to stand down amid slowing revenues
Farfetch has announced that the group’s chief financial officer, Elliot Jordan, will step down by the end of 2023, after more than eight years in the role. The news comes as fourth quarter revenue fell 5% in 2022 to $629m (£523m), while its gross merchandise value decreased 12% in the…
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Jan- 2023 -17 JanuaryClothing & Shoes
Burberry unveils new senior positions in leadership team
Burberry has appointed Giorgio Belloli and Delphine Sonder to the newly-created roles of chief digital, customer and innovation officer and chief merchandising officer respectively, with immediate effect. Belloli will be responsible for leading the global e-commerce, digital product, and analytics teams, as well as a newly-formed innovation function. Meanwhile, Sonder…
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Nov- 2022 -16 NovemberLuxury Goods
Richemont sees sales surge but performance hampered by YNAP loss
Luxury jewellery retailer Richemont has reported strong sales and profit increase for the first half of the year but the performance was overshadowed by the impact of its disposal of Yoox-net-a-Porter (YNAP) The company, which owns brands such as Cartier and IWC Schaffhausen, made nearly €9.7bn (£8.5bn) this half year…
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4 NovemberNews
Browns MD steps down
Browns has announced that managing director of five years, Paul Brennan, has stepped down to take on a new role at Marc Jacobs. At Marc Jacobs, Brennan will take on the role of managing director, EMEA. Stephen Eggleston, Farfetch’s group EVP of commercial, will be taking on overall leadership for…
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Oct- 2022 -12 OctoberHigh Street
Yoox Net-a-Porter announces interim CEO
Yoox Net-a-Porter has announced it has appointed Alison Loehnis as interim CEO, effective 31 October 2022, replacing Geoffroy Lefebvre who has decided to step down to pursue a private equity-backed entrepreneurial career outside of Richemont after 11 years with the group. Loehnis is currently president of the company, having joined…
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