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Farfetch news and archive

Farfetch publishes 2021 ESG report

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,...

1 Jul 2022

Fashion

Farfetch links with Good On You to launch sustainability hub for brands

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...

29 Jun 2022

FashionFeatured

Farfetch unveils second conscious luxury trends report

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...

23 Jun 2022

Retail

Farfetch to start accepting cryptocurrency payments

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...

10 Jun 2022

Fashion |In Pictures Featured

Farfetch unveils collaboration with Opening Ceremony and Peter Do

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,...

8 Jun 2022

Business

Farfetch closes 200 million dollar minority investment in Neiman Marcus Group

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...

2 Jun 2022

BusinessFeatured

Farfetch posts Q1 revenue and GMV growth

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...

27 May 2022

Business

Richemont shares plummet after expectations omit YNAP sale

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...

20 May 2022

PeopleFeatured

Off-White appoints Ibrahim Kamara as Art and Image Director

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...

2 May 2022

Fashion |Beauty Featured

Farfetch targets beauty market with new gender-neutral proposition

Luxury e-commerce platform Farfetch has launched a beauty destination for consumers in the UK, Europe and the US, following the acquisition of luxury beauty retailer Violet Grey earlier this year. Described as “beauty beyond boundaries,” Farfetch Beauty will offer more than 100 gender-neutral brands, ranging from leading global names such as...

20 Apr 2022

Retail

Are fashion retailers embracing cryptocurrencies?

The fashion industry has been slow to adopt digital currencies and acceptance of crypto as payments. Last year Philipp Plein was one of the first major fashion brands to accept cryptocurrencies, with Off-White accepting announcing it would accept cryptocurrency payments across its flagship stores in Paris, Milan and London earlier this month....

19 Apr 2022

BusinessFeatured

Farfetch to invest in Neiman Marcus Group as part of strategic partnership

Luxury fashion platform Farfetch is investing in US retailer Neiman Marcus Group (NMG) as part of a new global strategic partnership between the two fashion heavyweights. Farfetch said it will make a minority common equity investment of up to 200 million dollars in NMG, joining existing investors including PIMCO, Davidson Kempner Capital...

5 Apr 2022