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farfetch news and archive

Retail

Farfetch launches on Alibaba Group’s Tmall Luxury Pavilion

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

Management

Farfetch posts Q4 revenue increase of 41.3 percent

Farfetch Limited reported gross merchandise value (GMV) increase of 317.1 million dollars to 1,057 million dollars in fourth quarter 2020, representing year-over-year growth of 42.8 percent. The company said in a statement that digital platform GMV increased by 310.8 million dollars to 939.4 million dollars in the fourth quarter, representing...

Feb 26, 2021

Retail

Farfetch launches style advisor with Karla Welch’s Wishi

Luxury platform Farfetch is partnering with innovative software company Wishi to create a digital styling experience that matches inventory with the right consumer via Wishi’s proprietary technology and styling team, all vetted and trained by Wishi co-founder and celebrity stylist, Karla Welch. The partnership aims to allow Farfetch to offer a...

Feb 22, 2021

Fashion

R.M.Williams launches second capsule with Marc Newson

Australian footwear brand R.M.Williams has launched a second capsule collection with Marc Newson exclusive to Farfetch. The new capsule collection of the Yard Boot 365, described as the modern-day worker boot designed for “thinkers, tinkers and creators” has been given a new colour palette and a contrasting sole. The Yard Boot 365 was developed...

Feb 15, 2021

Fashion

Farfetch partners with Nataal to “champion Black creativity”

Farfetch is launching a partnership with Nataal, the leading global multimedia brand celebrating contemporary fashion, beauty, visual arts, music and culture from Africa and its diaspora, as part of its commitment to give more space to Black-owned brands, boutiques and creatives. The year-long partnership will see Farfetch working with Nataal...

Feb 3, 2021

Fashion

David Morris launches exclusively on Farfetch

London jeweller David Morris has launched exclusively with Farfetch, offering a selection of its new high jewellery collection online for the first time via e-commerce. Named ‘Renaissance’, a nod to the brand’s continually evolving and inventive approach to the traditional world of high jewellery, the collection features 13 unique pieces, four...

Feb 2, 2021

Retail

Jewellery David Morris partners with Farfetch to launch new collection

British jeweller David Morris has partnered with Farfetch to launch its latest high jewellery collection. The vast e-commerce reach of the Farfetch platform will see the brand exposed to a direct to consumer see-now buy-now format instead of launching via a traditional wholesale showroom months before the product is available at retail. The...

Jan 28, 2021

Fashion

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