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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Oct- 2022 -7 OctoberOnline & Digital
Farfetch to accept cryptocurrency payment option
Farfetch, the global platform for the luxury fashion industry, has announced that it will offer cryptocurrency as a payment method on the Farfetch Marketplace for customers in 37 countries. Farfetch said it will initially accept six cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), among others. Customers with an…
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Aug- 2022 -30 AugustClothing & Shoes
Farfetch revenues increase 10.7% in Q2
Online luxury fashion retail platform, Farfetch, has announced that the group’s revenue increased by 10.7% year-over-year in Q2 to $579.3m (£493.1m). The group’s profit after tax also reached $67.7m (£57.6m) in the period, which included a non-cash benefit arising from impact of lower share price on items held at fair…
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24 AugustClothing & Shoes
Richemont agrees deal to offload YNAP stake to Farfetch
Richemeont has revealed it has agreed a deal to offload a majority stake of its e-commerce unit Yoox-Net-A-Porter (YNAP) to Farfetcth and Emirati investor Alabbar. The deal will see Farfetch and Alabbar acquire a 47.5% and 3.2% stake respectively in YNAP, and the agreement for Richemont and YNAP each to…
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Jul- 2022 -20 JulyPeople Moves
Matchesfashion appoints chief operating officer
Online luxury retailer, Matchesfashion, has announced the appointment of Stuart Hill as the group’s new chief operating officer. Hill joins the brand from Farfetch, another online luxury retailer, where he served as senior vice president of logistics for four years. Hill is expected to start his new role in September…
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Apr- 2022 -6 AprilClothing & Shoes
Farfetch agrees Neiman Marcus partnership amid £152m investment
Farfetch Limited and the Neiman Marcus Group (NMG) have announced a global strategic partnership which will see Farfetch make a minority common equity investment of up to $200m (£152.75m) into NMG. Through this agreement, NMG will utilise the Farfetch Platform Solutions (FPS) to re-platform the Bergdorf Goodman website and mobile…
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Feb- 2022 -25 FebruaryClothing & Shoes
Farfetch revenues hit $2.3bn
Farfetch Limited, the global platform for the luxury fashion industry, has reported its revenues increased 35% year-on-year to $2.3bn (£1.71bn) for the full-year ended December 31 2021 (FY21). In the fourth quarter (Q4) revenues also increased 23% year-on-year to $666m (£497.66m) and profit-after-tax hit $97m (£72.48m) in Q4, including $217m…
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Jan- 2022 -31 JanuaryOnline & Digital
Farfetch enters beauty market with Violet Grey acquisition
Fartech Limited, the global platform for the luxury fashion industry, has announced it will acquire luxury beauty retailer, Violet Grey, for an undisclosed sum. The acquisition comes ahead of the launch of Beauty on the Farfetch Marketplace, which is scheduled for later in the year, and it will bring industry…
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17 JanuaryNews
Asos eyes former Farfetch exec as new CEO
Asos is reportedly considering Andrew Robb, who left New York-listed Farfetch in 2020, among the candidates being considered by Asos as Nick Beighton’s successor, according to Sky News. Robb worked with Farfetch until 2020 in the position of chief operating officer. Prior to that, he worked with Bauer Media where…
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May- 2021 -14 MayClothing & Shoes
Farfetch Q1 sales rise 46%
Luxury retailer Farfetch has reported a strong start to the year with Q1 revenues increasing 46% to $485m (£344.1m). It comes as it revealed Gross Merchandise Value (GMV) increased by $304.7m (£216.6m) from $610.9m (£434.2m) in the first quarter of 2020 to $915.6m (£650.8m) in the first quarter of 2021,…
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Mar- 2021 -22 MarchClothing & Shoes
Browns CEO to move into the role of chair
Browns has announced some managerial changes within the company which included the moving of Holli Rogers, CEO, into the role of chair with effect 1 April 2021. As part of the changes, Paul Brennan, COO, will be moving into the newly created role of managing director for where he will…
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