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
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
Luxury fashion platform Farfetch has announced a new partnership with Outlier Ventures that will see the duo host a Web3-focused accelerator programme for digitally-driven fashion and lifestyle start-ups. The ‘Dream Assembly Base Camp’ will offer selected participants a tailored 12-week programme, featuring mentorship, networking and support...
Jul 14, 2022
British-Portuguese retailer Farfetch has published its new 2021 environmental, social and corporate governance (ESG) report, detailing everything from its logistics emissions to its ongoing efforts within its inclusivity initiatives. As part of the 2021 report, the company said it decided to refresh its materiality assessment for this edition,...
Jul 1, 2022
Luxury fashion platform Farfetch has teamed up with sustainability ratings company Good On You to launch a sustainability hub to help brands better understand and communicate their sustainable credentials. The new ‘one-stop-solution’, called Good Measures, will give brands a “comprehensive view” of their current sustainability rating and provide...
Jun 29, 2022
Consumers are choosing to shop more consciously, according to Farfetch’s second annual conscious luxury trends report, which reveals that the number of its customers who purchased a product from its conscious collection increased 60 percent year-on-year in 2021. France experienced the strongest growth globally in conscious shopping on Farfetch...
Jun 23, 2022
Luxury e-tailer Farfetch has announced it will start accepting cryptocurrency payments on its marketplace later this year, initially starting with the retailer’s Private Clients and then expanding to all customers in the US, UK and Europe from late 2022, with other countries to follow. The offer will begin with seven cryptocurrencies, including...
Jun 10, 2022
Luxury e-tailer Farfetch has unveiled the first iteration of its year-round Beat programme featuring a collaboration with Opening Ceremony and Peter Do. Farfetch Beat is a new concept that introduces exclusive curated product collaborations “with the most progressive voices in fashion and culture to an international audience,” via exclusive,...
Jun 8, 2022
Retail conglomerate Neiman Marcus Group (NMG) has announced the closing of a 200 million dollar equity minority investment in the group by luxury fashion platform Farfetch Limited, as well as a commercial agreement with Farfetch Platform Studios (FPS). In a release, NMG said it will be using the proceeds to accelerate growth and innovation...
Jun 2, 2022
In the first quarter ending March 31, Farfetch has reported an increase in gross merchandise value (GMV) and digital platform GMV of 1.7 percent and 2.5 percent, respectively, to 930.8 million dollars and 809.5 million dollars. Revenue increased 6.1 percent to 514.8 million dollars. Gross profit margin for the quarter was 44.8 percent and...
May 27, 2022
Share in Richemont fell sharply on Friday, the lowest in two years since the pandemic, after the luxury group missed expectations and failed to address the uncertainty regarding its divestment of YNAP, the online luxury and discounting sites. Last year discussions emerged with Farfetch as a possible contender, but complications with various...
May 20, 2022
Off-White has appointed Ibrahim Kamara as the brand's first Art and Image Director. The Dazed Editor-in-Chief confirmed the appointment on Saturday in an Instagram post. After a career as a fashion director and stylist, the Sierra Leone-born designer worked closely with brand founder Virgil Abloh, who died suddenly last November. “Virgil will...
May 2, 2022
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