All Farfetch articles

  • footwear generic

    Stocks of footwear companies fell by 16.3% in 2020


    Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.

  • Farfetch

    Farfetch benefits from shift to buying luxury goods online


    Luxury e-tailer Farfetch reported a sharp rise in third-quarter sales as it benefits from the growing trend of buying high-end products online. Revenues for the three months to Sept. 30 soared by 71 percent to $438 million, while gross merchandise value (GMV) increased 62 percent to $798 million. ...

  • Farfetch-Alibaba-Richemont Global Partnership 2

    Farfetch, Alibaba, Richemont, Pinault family form a formidable alliance in digital sales


    Farfetch , Alibaba , Richemont and the Pinault family, which owns the French luxury goods company Kering , have entered a global partnership with the declared intent of providing luxury brands with “enhanced access” to the Chinese market as well as accelerating the digitization of the global ...

  • Farfetch 2
    News briefs

    Eurazeo sells stake in Farfetch


    The French investment house Eurazeo has sold its minority stake in Farfetch , a London-based online marketplace for fashion and luxury goods brands and multi-brand boutiques present in 190 countries, for net proceeds of €90.4 million. After investing in Farfetch in 2016, Eurazeo said it helped Farfetch ...

  • Union Jack - James Giddins - Unsplash

    U.K. government under pressure over move to scrap tax-free shopping


    The British Finance Minister Rishi Sunak is under mounting pressure from major retailers to reverse his decision to abolish duty-free shopping next year which they claim will lead to significant job losses. Leading U.K. fashion and luxury brands, including Paul Smith , Ted Baker , The White Company ...

  • Farfetch

    Farfetch’s Q2 GMV surges and beats the company guidance


    The British fashion e-tailer Farfetch saw gross merchandise value (GMV) increase by 47.7 percent year-on-year in the second quarter to $721.3 million. GMV of its digital platform business rose by 34.4 percent to $651.0 million. Excluding the impact of changes in foreign exchange rates, the increase reached 39.2 percent. ...

  • News briefs

    Farfetch sees Q2 GMW up 25-30% to $605-630 million


    The British fashion e-tailer Farfetch expects gross merchandise value (GMV) on its digital platform to increase by 25-30 percent year-over-year in the second quarter and reach $605 million to $630 million. It noted that the acceleration in growth highlights the increase in adoption of “online luxury” by consumers, ...

  • News briefs

    Farfetch continues to grow strongly in Q1 and lose money


    The British online fashion retailer Farfetch saw gross sales value rise by 46 percent in the first quarter of 2020 to $610.87 million, while the net loss increased slightly to $79.18 million from $77.69 million a year earlier. Revenue increased by 90 percent to $331.44 million. The gross ...