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Alber Elbaz’s AZ Factory partners with Farfetch and Net-a-Porter

Alber Elbaz is making his long-awaited return to fashion as an invited guest member of the Fédération de la Haute Couture et de la Mode with his joint venture with Richemont, AZ Factory. In a statement, AZ Factory said it will present its first product stories as part of Paris Haute Couture Week on January 26 at 8pm CET, which will then go to...

Jan 19, 2021

Business

Farfetch unveils ambitious long-term sustainability goals

Farfetch has announced its first set of 10-year sustainability goals as part of its ‘Positively Farfetch’ strategy, with one goal to see its circular business outgrow traditional sales by 2030. The strategy, part of its wider plan to be “the platform for good in luxury fashion” will see the business looking to increase “the efficiency and...

Dec 7, 2020

Management

Q3 sales jump 71 percent at Farfetch, GMV improves 62 percent

Gross merchandise value at Farfetch for the third quarter increased by 305.8 million dollars 797.8 million dollars, representing year-over-year growth of 62.2 percent. The company said in a statement that digital platform GMV increased by 253.8 million dollars to 674.1 million dollars, growth of 60.4 percent. Revenue for the quarter increased by...

Nov 13, 2020

Management

Farfetch announces major tie-up with Alibaba and Richemont

Chinese e-tailer Alibaba and Swiss luxury group Richemont, two titans of the fashion industry, have invested 1.1 billion dollars in London-based fashion marketplace Farfetch as it looks to expand its presence in China. The tie-up will see Alibaba launch Farfetch luxury shopping channels on its Tmall Luxury Pavilion and Luxury Soho. Alibaba and...

Nov 6, 2020

Report

Alibaba eyes investment in Farfetch

Chinese e-tail giant Alibaba is reportedly in “advanced discussions” to invest nearly 300 million dollars in online luxury fashion retailer Farfetch. According to publication The Information, which reported the news Monday citing people familiar with the matter, the two companies are also in talks to create a Chinese joint venture. Swiss luxury...

Nov 4, 2020

Report

Investment firm Eurazeo sells entire Farfetch stake

Global investment firm Eurazeo revealed Tuesday it has sold its entire stake in online fashion marketplace Farfetch. The disposal results in net proceeds of 90.4 million euros, corresponding to an IRR of around 38 percent, the company said. Eurazeo had been a shareholder in Farfetch since May 2016. “Over this period, the group accompanied the...

Nov 3, 2020

Retail

How shoppers will see out the rest of 2020

It has been just over six months since the start of global lockdowns. A battered and bruised retail industry has been slow to recalibrate and recover from the grip of Covid-19. Even after physical retailers reopened this past June in the UK, others in the US are only just now returning to pre-pandemic business hours. Many global heavyweights,...

Sep 21, 2020

Business

Farfetch unveils new brand identity with a global campaign

Luxury marketplace Farfetch is refreshing its brand identity alongside a new global campaign that puts its boutique business model “front and centre”. The campaign ‘Open Doors to a World of Fashion’ celebrates the businesses global community, while the overhauled website aesthetic aims to cement its place as a fashion authority in the luxury...

Sep 16, 2020

Management

Online demand boosts Farfetch revenues, posts 74.2 percent increase

For the second quarter, Farfetch Limited reported gross merchandise value (GMV) increase of 232.8 million dollars to 721.3 million dollars, representing year-over-year growth of 47.7 percent, while Digital Platform GMV increased by 166.7 million dollars to 651 million dollars, up 34.4 percent. The company said in a statement that revenue...

Aug 14, 2020

Fashion

Opening Ceremony launches 365 Days of Pride collection

Opening Ceremony is highlighting the importance of acknowledging and celebrating Pride beyond June with a new ‘365 Days of Pride’ limited-edition capsule collection that aims to not only celebrate the LGBTQIA+ community in New York but also to pay homage to some of the most historically significant institutions within it. The fashion brand has...

Aug 11, 2020

Retail

Farfetch to be exclusive Fenty digital partner

Farfetch has nabbed an exclusive deal with Rihanna's Fenty line to be the brand's exclusive digital partner. The retailer will be the only e-commerce channel to stock the label outside of the brand's own channel. Farfetch's new partnership comes just in time for Fenty's Release 6-20 that launched this week. Fenty has the distinction of being the...

Jul 15, 2020

Fashion

Gucci unveils circular ‘Off The Grid’ collection

Italian fashion house Gucci has unveiled the first collection from its circular lines, Gucci Off The Grid, which has been designed by creative director Alessandro Michele using recycled, organic, bio-based and sustainably sourced materials. The collection, which will be exclusively sold on Farfetch for the first two weeks alongside Gucci’s...

Jul 1, 2020