Farfetch news and archive

Farfetch posts decline in Q2 revenue

Farfetch Limited’s GMV increased 1.2 percent in the second quarter to 1,032.6 million dollars, while revenue decreased 7.3 million dollars to 572.1 million dollars, down 1.3 percent. The company said in a statement, this decrease was primarily driven by a 42.2 percent decrease in brand platform revenue to 67.4 million dollars, as well as a 15.1...

BusinessFeatured

Is Farfetch exiting its beauty category?

In April last year, Farfetch made a grand entrance into the beauty sphere, creating quite a buzz. The launch of its own beauty category came on the heels of its acquisition of beauty retailer Violet Grey, resulting in the unveiling of its very own Farfetch Beauty. This new venture boasted an impressive lineup of over 100 brands, ranging from...

Report

Tim Stone to assume CFO role at Farfetch

Farfetch Limited has announced the appointment of Tim Stone as the company’s new chief financial officer effective September 1, 2023. Stone succeeds Elliot Jordan whose departure was announced in February. After a handover period, including the reporting of Farfetch’s second quarter results scheduled for August 17, 2023, Jordan will leave the...

Fashion Featured

Farfetch unveils third annual sustainability trends report

Luxury fashion platform Farfetch has unveiled its third annual Conscious Luxury Trends report revealing a rising global demand for conscious fashion and beauty products and growth opportunities in the luxury industry. The annual report looks at how consumers are shopping more responsibly and reveals the significant opportunities and innovations...

Business

Valentino to partake in virtual try-on pilot with Farfetch-owned Wanna

Maison Valentino is set to become the first luxury brand to offer ready-to-wear virtual try-on (VTO) via a demo app by Wanna, an augmented reality (AR) tech company owned by Farfetch. The Italian label will be launching a clothing VTO pilot project with Wanna using a curated selection of men’s upper-wear pieces from its Urban Flows Autumn 2023...

Fashion |In Pictures

There Was One collaborates with Lisa Folawiyo

There was One (TWO), Farfetch and New Guards Group’s first joint brand, has unveiled an eight-piece womenswear capsule collection in collaboration with Nigerian fashion designer Lisa Folawiyo. The collaboration draws inspired by classic Lisa Folawiyo pieces and silhouettes and showcases summer designs with a mix of the signature Ankara fabric...

ManagementFeatured

Farfetch announces new Off-White CEO, New Guards Group co-founders exit

Farfetch has announced a number of leadership changes at New Brands Group (NGG), including the exit of the group’s founders, and the appointment of a new CEO at Off-White. NGG co-founders Davide De Giglio and Andrea Grilli are exiting the business - De Giglio served as CEO of NGG, while Grilli served as the CEO of luxury streetwear brand...

ManagementFeatured

Farfetch posts Q1 sales increase of 8.1 percent

First quarter revenue at Farfetch Limited increased 41.6 million dollars to 556.4 million dollars, representing an increase of 8.1 percent. The increase, the company said in a release, was driven by an increase in digital platform revenue of 6.5 percent to 421.5 million dollars, a 13.9 percent increase in brand platform revenue to 114.5 million...

Business

Farfetch takes on Reebok’s e-commerce in Europe

Luxury fashion platform Farfetch is teaming up with Reebok to operate its e-commerce operations and wholesale business in Europe. In a statement, Farfetch said it has “replatformed” Reebok’s e-commerce sites in Europe, and is overseeing all marketing and e-commerce operations, as well as driving wholesale distribution to help “drive the...

Report

Farfetch taps new chief marketing officer

Luxury fashion platform Farfetch has appointed Nick Tran as its new chief marketing officer. Tran has over 20 years of experience in developing teams and creating marketing strategies, most recently serving as global head of marketing at social media giant TikTok. Earlier in his career, he held executive marketing positions at other big-name...

Fashion

There Was One adds kidswear category

There was One (TWO), Farfetch and New Guards Group’s (NGG) first joint brand has added kidswear to its offering. The kidswear collection offers “vibrant, playful pieces for all kids,” explains TWO in the press release, including brightly coloured knitwear, graphic T-shirts, hoodies, and branded raincoats. The debut line is for children aged 4-...

News

Farfetch opens applications mentorship programme for women in academic careers

Luxury fashion platform Farfetch has opened applications for the fourth edition of its Plug-In Mentoring for Young Women programme. The global nine-month programme guides and supports women embarking on academic careers in the STEM - Science, Technology, Engineering and Mathematics, area of study at the middle and higher education level. Over...