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Farfetch is a British e-commerce company focused on luxury clothing and beauty products. It operates as a digital marketplace that sells products from several hundred brands, boutiques and department stores from around the world. [ 1 ]
In September 2018, following the IPO of Farfetch on the New York Stock Exchange, Neves' stake in the company was valued at US$1.4 billion. [8] In February 2024, following the sale of Farfetch to Korean e-commerce company Coupang, Neves stepped down as CEO but will remain involved with Farfetch in a consultant capacity. [9]
Farfetch is a marketplace for the luxury fashion industry. The Farfetch connects customers in over 190 countries and territories with items from more than 50 countries and over 1,400 of the world's brands, boutiques, and department stores. [51] Farfetch was acquired by Coupang in January 2024. [52]
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Farfetch, an e-commerce platform that sells products from 1,400 brands, green-lit crypto payments in 37 countries just as the top-end brands began jumping on the crypto ship.
In August 2022, Richemont announced it would sell a 47.5% stake in YOOX Net-A-Porter (YNAP) to rival Farfetch and a 3.2% stake to a Mohamed Alabbar investment vehicle in exchange for about an 11% stake in Farfetch. [40] [41] However, in December 2023, the agreement were terminated after Coupang announced its acquisition of Farfetch. [42]
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