What is Farfetch?
Farfetch is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world.
Is Farfetch owned by Browns?
Farfetch announced the acquisition of London boutique retailer Browns in May 2015. This boutique is run independently from Farfetch by a newly-appointed CEO Holli Rogers who joined the business in July 2015. Rogers was the former fashion director of online retailer Net-A-Porter.
Is Farfetch owned by Alibaba?
In November 2020, Farfetch entered into a joint partnership with Richemont and Alibaba. Alibaba and Richemont jointly invest $600 million in Farfetch, taking a combined 25% stake in Farfetch’s Chinese ventures.
Who is the CEO of Farfetch Black&White?
This boutique is run independently from Farfetch by a newly-appointed CEO Holli Rogers who joined the business in July 2015. Rogers was the former fashion director of online retailer Net-A-Porter. Farfetch developed the proprietary business units Farfetch Black & White and Store of the Future in 2015.
What does Farfetch’S $600 million deal with Alibaba and Richemont mean?
LONDON-Farfetch ’s partnership with Alibaba and Richemont took a step toward completion this week, with the online fashion platform issuing a total of $600 million, or $300 million each, of 0 percent convertible senior notes, due in 2030.
What does the Alibaba-Kering partnership mean for Farfetch?
The new cooperation with Alibaba will enable Farfetch to expand its reach to Alibabas 757 million consumers. Separately, Artemis, the controlling shareholder of Gucci-owner Kering PRTP.PA, also plans to increase its stake in Farfetch, according to a joint statement.
Is Farfetch the global platform for luxury?
The $1.15 billion investment in FARFETCH from Alibaba Group, Richemont, and Artemis is a strong validation of our position as the global platform for luxury.
Is Farfetch owned by JD com?
JD.com and Farfetch reached a strategic partnership in 2017 that saw JD.com invest $397 million in Farfetch. Farfetch merged its China sales platform with JD.coms in 2019 and its store on the Chinese platform is currently still operational. JD.com will remain as a shareholder of Farfetch even after their partnership is terminated, the source said.