Richemont is thought to be exploring several options to offload the loss-making Yoox Net-a-Porter, the luxury pure player, reports cited this week. The Swiss group, which owns maisons including Cartier, Chloé, Alaia and Delvaux, is finding itself in somewhat of a technology depression, as companies like FarFetch and Alibaba are accelerating the...
7 hours ago
Luxury e-commerce platform Farfetch is launching ‘pre-order’, a new service providing consumers with “early access” to the newest products throughout the season. ‘Pre-order’ aims to minimise fashion waste by only making what has been already sold and will initially launch with 10 brands, including Nanushka, Balenciaga, Khaite, Off-White, Palm...
Aug 25, 2021
Farfetch, the British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and global brands, saw revenue increase 43 percent in the second quarter of 2021. Gross merchandise value was up 40 percent, doubling over the same period last year to 1 billion dollars. “I am truly impressed with the resilience of...
Aug 20, 2021
Farfetch Limited GMV increased by 286.5 million dollars in the second quarter to 1,007.8 million dollars, representing year-over-year growth of 39.7 percent. The company’s digital platform GMV increased by 262.3 million dollars to 913.4 million dollars, growth of 40.3 percent. Excluding the impact of changes in foreign exchange rates, the...
Online luxury fashion retail platform Farfetch is partnering with tech start-up Multiverse to launch a digital marketing academy and recruit its first apprentice in London. The move aims to enhance Farfetch’s digital marketing skills, as apprentices will benefit from one-to-one coaching with an industry expert alongside on-the-job experience....
Jun 25, 2021
Snapchat has announced new augmented reality tools for its users to virtually try on outfits and accessories. Luxury brands like Prada and Farfetch are among the companies that have signed up to use the technology that detects and responds to body movements and facial dimensions. Farfetch is using 3D body mesh and has 40 built-in voice controls...
May 21, 2021
Gross merchandise value (GMV) for the first quarter increased by 304.7 million dollars at Farfetch Limited to 915.6 million dollars, representing growth of 49.9 percent. The company’s revenue increased by 153.6 million dollars to 485.1 million dollars, representing growth of 46.4 percent. The increase was primarily driven by 68.1 percent growth...
May 14, 2021
Luxury platform Farfetch reveals that consumer behaviour has changed “significantly” in 2020 during the Covid-19 pandemic and that they are choosing to shop more consciously. Consumer awareness is driving transformation, explains Farfetch in its first annual Conscious Luxury Trends Report, which looked at how luxury consumers are shopping more...
Apr 22, 2021
Holli Rogers is stepping down as CEO of Browns. On April 1, Paul Brennan, the company’s chief operating officer, will step into the newly created role of managing director where he will oversee day-to-day operations at the multi-brand company. Rogers will transition to a chair position where she will still have a say in strategic and creative...
Mar 19, 2021
Fashion brands and retailers can reap financial, environmental and customer loyalty rewards from embracing circular business models, designed to reduce waste and keep garments and accessories in use for longer, according to a new report from ReLondon and QSA. The report, ‘Fashion that doesn’t cost the earth’ reveals that embracing...
Mar 17, 2021
Farfetch has unveiled a new capsule collection for Ramadan featuring exclusives from 30 Middle Eastern and international designers. The edit places a spotlight on modest wear and features more than 200 exclusive styles from designers including Oscar de la Renta, J.W. Anderson, Marchesa, Carolina Herrera, Tory Burch and Dion Lee, as well as...
Mar 10, 2021
Farfetch is launching a Tmall Luxury Pavilion flagship store to enable thousands of luxury brands to reach Chinese consumers as part of its localisation strategy in the region. The integration of Farfetch on Tmall means that Alibaba Group’s 779 million consumers will have access to products from more than 3,500 luxury brands, 90 percent of which...
Mar 1, 2021
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