Farfetch Confirms Discussions With Richemont
November 12 2021 - 4:39AM
Business Wire
Farfetch Limited (NYSE: FTCH), the leading global platform for
the luxury fashion industry, confirms that they are in discussions
with Richemont in relation to a potential expansion of their
existing Luxury New Retail strategic partnership. The parties are
discussing a number of possible options, including the leveraging
of Farfetch Platform Solutions (FPS) to power Richemont’s maisons
and YOOX NET-A-PORTER (YNAP), the participation of Richemont’s
maisons in Farfetch's Marketplace and a minority investment in YNAP
by Farfetch.
However, there can be no guarantee that the parties will be able
to reach an agreement on any of the options under consideration. If
these discussions progress, Farfetch will make further
announcements if and when required.
About Farfetch Farfetch Limited is the leading global
platform for the luxury fashion industry. Founded in 2007 by José
Neves for the love of fashion, and launched in 2008, Farfetch began
as an e-commerce marketplace for luxury boutiques around the world.
Today the Farfetch Marketplace connects customers in over 190
countries and territories with items from more than 50 countries
and nearly 1,400 of the world’s best brands, boutiques and
department stores, delivering a truly unique shopping experience
and access to the most extensive selection of luxury on a single
platform. Farfetch’s additional businesses include Browns and
Stadium Goods, which offer luxury products to consumers, and New
Guards Group, a platform for the development of global fashion
brands. Farfetch offers its broad range of consumer-facing channels
and enterprise level solutions to the luxury industry under its
Luxury New Retail initiative. The Luxury New Retail initiative also
encompasses Farfetch Platform Solutions, which services enterprise
clients with e-commerce and technology capabilities and innovations
such as Store of the Future, its connected retail solution.
For more information, please visit
www.farfetchinvestors.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211112005493/en/
Investor Relations: Alice
Ryder VP Investor Relations IR@farfetch.com
Media: Susannah Clark VP
Communications, Global susannah.clark@farfetch.com +44 7788
405224
Brunswick Group farfetch@brunswickgroup.com US: +1 (212) 333
3810 UK: +44 (0) 207 404 5959
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