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FARFETCH news and archive

Open for Vintage launches The Loop handbag buyback programme

Dublin and London-based luxury re-sale technology platform Open for Vintage (OFV) is teaming up with Farfetch-owned resale platform Luxclusif to launch ‘The Loop’ handbag buyback service. ‘The Loop’ will be accessed directly on the OFV website and will allow customers to trade in their designer handbags in exchange for store credit that can be...

Nov 28, 2022

ManagementFeatured

Farfetch posts flat revenue growth, GMV declines

Farfetch Limited GMV for the third quarter decreased 49.9 million dollars to 967.4 million dollars, representing a year-over-year decline of 4.9 percent. Revenue increased 10.8 million dollars to 593.4 million dollars, representing growth of 1.9 percent driven by an increase in digital platform revenue of 1.6 percent, a 39.7 percent growth in...

Nov 18, 2022

Business

Metav.rs and Sknups among first participants in Farfetch’s Web3 accelerator programme

Farfetch has revealed eight start-ups that will make up the first participants of its Web3-based accelerator and investor programme, Dream Assembly Base Camp. The initiative, which the luxury retailer launched alongside Outlier Ventures, aims to bolster businesses that are working to shape the future of Web3 luxury e-commerce. Through the remote...

Oct 25, 2022

RetailFeatured

Blending physical and digital: The future of retail according to Farfetch

“We strongly believe that the retail of the future is still developing in physical retail,” said Sandrine Deveaux, executive vice president of future retail at luxury fashion platform Farfetch, during a talk at Wired Smarter. The multi-track business conference, which took place on October 11 in London, explored the future of retail, money and...

Oct 13, 2022

Retail

Farfetch now accepts crypto payments in 37 countries

Shoppers from 37 countries can now buy products from luxury fashion platform Farfetch using cryptocurrencies. The London-based company will initially accept payments on its marketplace using six cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). To make payments, shoppers with a crypto wallet can simply scan the QR...

Oct 6, 2022

Fashion |In Pictures

Stadium Goods and Döttling collaborate on sneaker safe for Farfetch

Farfetch has teamed up with sneaker and streetwear marketplace Stadium Goods and German safe manufacturer Döttling on an exclusive line of luxury made-to-order sneaker safes as part of its Farfetch Beat concept. The limited-edition sneaker safes take inspiration from Stadium Goods’ trophy case and have been designed in collaboration with Dö...

Sep 28, 2022

People

British Fashion Council appoints David Pemsel as its new chair

The British Fashion Council has appointed David Pemsel as its new chair. Mr Pemsel succeeds Stephanie Phair, an executive at Farfetch, who steered the organisation through the pandemic. Phair stepped down earlier in September. Demsel was appointed to BFC’s executive board in 2016 and is the founder of ScienceMagic.Inc, a creative and strategic...

Sep 22, 2022

People

BFC Chair Stephanie Phair steps down

British Fashion Council chair Stephanie Phair is stepping down after nearly five years in the role. Succeeding Net-a-Porter founder Natalie Massenet in 2018, Ms Phair helped to steer the organisation through the Covid-19 pandemic and one of the most difficult periods ever faced by the British fashion industry. Ms Phair’s decision to step down...

Sep 5, 2022

ManagementFeatured

Farfetch posts revenue and GMV growth

For the second quarter, Farfetch Limited’s GMV increased by 12.6 million dollars from 1,007.8 million dollars, up 1.3 percent. Revenue increased by 56 million dollars to 579.3 million dollars, representing growth of 10.7 percent. The increase, the company said, was driven by a 60.3 percent increase in brand platform revenue to 116.6 million...

Aug 26, 2022

BusinessFeatured

Richemont to sell YNAP stake to Farfetch and Alabbar

Luxury conglomerate Richemont has confirmed that it is selling its stake in online fashion retailer Yoox Net-A-Porter (YNAP) to Farfetch and Alabbar, while also announcing its brands and YNAP will be switching to Farfetch Platform Solutions as part of its Luxury New Retail vision. Richemont said in a statement that Farfetch will acquire a 47.5...

Aug 24, 2022

BusinessFeatured

Salvatore Ferragamo announces strategic partnership with Farfetch

Italian fashion house Salvatore Ferragamo is teaming up with luxury platform Farfetch to reinforce its omnichannel strategy, while accelerating its digital capabilities and creating new engaging shopping experiences with a Millennial and Gen Z luxury audience. The two companies said that the global strategic partnership would allow the Italian...

Aug 11, 2022

Report

Matchesfashion appoints former Farfetch exec as COO

Matchesfashion has announced the appointment of Stuart Hill as chief operating officer (COO), effective from September. Hill, who boasts 25 years of experience, will be joining the online luxury retailer from Farfetch, where he served as senior vice president of logistics for four years while being a part of the platform’s global leadership...

Jul 19, 2022