All Farfetch articles – Page 2
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NewsRetail fortunes flag but online entrepreneurs climb Sunday Times Rich List
Traditional retailers’ fortune have had a bruising year but a number of online retail entrepreneurs have climbed or entered The Sunday Times Rich List for the first time.
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NewsFarfetch revenues soar after ‘tremendous start to 2021’
Farfetch reported strong growth in both revenues and gross merchandise values in what the luxury specialist’s boss called a “tremendous start to 2021”.
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Retail Navigator Analysis
Farfetch (Overview)
Founded in 2007 by José Neves and launched the following year, Farfetch is a global online destination for luxury fashion. It was floated on the New York Stock Exchange (NYSE) in 2018 with a $6.3bn (£4.7bn) valuation but has subsequently fallen in value as a series of acquisitions and deals saw the retailer repeatedly change its strategic direction. By 2023 it was valued at just $221m (£178m), announcing the delay of its third quarter results by the end of the same year as its financial turmoil mounted.
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Retail Navigator AnalysisFarfetch (Financials)
Group revenues rose 2.7% to $2,316.7m (£1,879.6m) on a reported basis in 2022, although growth came in at a more respectable 11.9% on a constant currency basis. While the group notched up its second year in the black at the pre-tax level, operating losses continued to escalate, nearly doubling from $476.2m (£346.4m) in 2021 to $847.2m (£687.3m) over the more recent year.
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Retail Navigator AnalysisFarfetch (SWOT)
Farfetch was acquired by South Korean ecommerce retailer Coupang in December 2023. Coupang is a respected Fortune 200 company, and as such will bring ecommerce expertise and innovation to the beleaguered retailer.
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Retail Navigator AnalysisFarfetch (Strategy)
Farfetch was acquired by South Korean ecommerce retailer Coupang in December 2023, with the deal completed by January 2024. Coupang is one of the largest ecommerce retailers in the world, with around £16.8bn of sales for the year to end-December 2022. It has a payments unit and a restaurant delivery business.
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NewsFarfetch records first profit after 12 years
Farfetch has achieved its first-ever positive EBITDA despite a tough year for fashion retailers.
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OpinionSuzy Ross: ‘Why the market is more forgiving of Farfetch’s losses than those of M&S’
Just a few months before Marks & Spencer reported its first loss as a public company, Farfetch disclosed a quarterly loss of a much greater magnitude than M&S’ £88m.
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NewsFarfetch losses spiral despite sales gains
Farfetch has suffered widening losses during its third quarter despite a spike in sales.
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NewsAlibaba and Richemont invest in Farfetch for China push
Ecommerce giant Alibaba and luxury goods powerhouse Richemont are to invest in upscale online retailer Farfetch as the trio launch a Chinese partnership.
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NewsAlibaba set to invest in Farfetch
Chinese goliath Alibaba is in talks to invest $300m (£231m) in luxury fashion platform Farfetch.
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AnalysisTV or TikTok? Where should marketers spend their budget right now?
Marketing teams have been met with a tough challenge throughout the pandemic as consumers’ lives and behaviours change. Retail Week explores how best to reach customers right now.
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VideoFarfetch rebrands with new global campaign
Luxury fashion marketplace and tech platform Farfetch has launched a rebrand that sees it highlight the global reach of its boutique brands.
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AnalysisAnalysis: Compete or collaborate? Why Tesco, M&S and Harrods are joining forces with rivals
With the threat of Amazon looming over most in the sector, some retailers are doing away with long-standing rivalries in order to take on the online Goliath. But how should retailers decide when to compete and when to collaborate?
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InterviewHow Farfetch and Browns’ boss is moulding the store of the future
Sipping a ’deconstructed’ cup of tea in a trendy café in Shoreditch, Browns chief executive and owner Farfetch’s chief brand officer Holli Rogers reminisces about the day Farfetch founder Jose Neves offered her the role – and some resistance that accompanied his plans.
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NewsFarfetch signs The Fashion Pact to tackle environmental issues
Farfetch is among 24 companies to sign an agreement to work towards a shared goal on the environment launched by French President Emmanuel Macron.
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AnalysisCan middle-market players capitalise on second-hand fashion?
The second-hand clothing market is booming. Retail Week looks at how some retailers are already taking advantage of this growing trend and why it’s important to get on board.
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NewsFarfetch partners with second-hand clothing platform
Luxury fashion platform Farfetch has partnered with resale and donation platform Thrift+ to offer its customers the chance to clear out their wardrobes and donate to a charity of their choice.
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AnalysisAnalysis: The retailers that became tech titans
Amazon, Ocado, Farfetch and The Hut Group are just some of the retailers that have branched out into selling the technology that they build in-house, and their tech divisions are the fastest-growing – and often highest valued – part of the business.
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NewsFarfetch denies Barneys acquisition speculation
Online fashion specialist Farfetch has dismissed a report that it was considering acquiring bankrupt US department store business Barneys.
