Farfetch news and archive

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...

ManagementFeatured

Farfetch revenue and profit decline in Q4, CFO to step down

Farfetch announced Thursday that revenue decreased 36.5 million dollars to 629.2 million dollars in the fourth quarter of 2022, down 5.5 percent. Revenue for the full year was up 3 percent to 2.3 billion dollars, up 12 percent at constant currency. The fourth quarter revenue decline was driven by a 3.7 percent drop in digital platform revenue to...

Business

Farfetch opens applications for second edition of Dream Assembly Base Camp

Luxury e-tailer Farfetch has announced, together with its partner Outlier Ventures, that it has opened applications for the second edition of its Dream Assembly Base Camp. For Cohort Two, the accelerator programme will continue to follow a 12-week remote schedule, providing participants with a curated line up of mentorship, networking and...

PeopleFeatured

Farfetch appoints President of Americas and Browns CEO

Luxury retail group Farfetch has appointed Sindhura Sarikonda as President of Americas and Elizabeth von der Goltz as chief fashion and merchandising officer and chief executive of Browns. In a statement, Farfetch said that Sarikonda, a “seasoned executive and entrepreneur,” would bring her wealth of experience in the technology and e-commerce...

Business

YNAP fined 5.25 million euros by Italian watchdog for misleading pricing

Luxury pureplayer YNAP, which operates the Net-a-Porter and Yoox e-commerce businesses, was fined 5.25 million euros by Italy’s antitrust body. The hefty fine for misleading prices came as the etailer was alleged to limit the right to return merchandise purchased between 2019 and 2022. Shoppers experienced limited rights to return merchandise...

Fashion Featured

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...

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...