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Three young men wearing traditional gray sweatpants. Sweatpants are a casual variety of soft trousers intended for comfort or athletic purposes, although they are now worn in many different situations. In the United Kingdom, they are called joggers. In Australia, New Zealand, and South Africa they are known as tracksuit bottoms or trackies.
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 August 2019, the British e-commerce company Farfetch, purchased Off-White's parent organization New Guards Group for US$675 million. [8] In July 2021, LVMH announced it would be taking a 60% stake in Off-White, with Farfetch retaining the remaining 40%. [9] [10] [11] However, Abloh owned the trademark for Off-White. [12] [13]
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]