All Farfetch articles – Page 2
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NewsFarfetch records full-year sales surge and profit growth
Farfetch chief executive José Neves hailed the luxury fashion etailer’s “strong momentum” as the business delivered strong fourth-quarter and full-year sales growth.
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Opinion‘Retail’s rules of value creation have changed for good’
Retailer equity valuations have been on a rollercoaster ride over the past year, amid significant divergence in the performance of individual companies.
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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 (People)
Farfetch was acquired by South Korean retailer Coupang, with many of its leaders departing the 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.
