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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]
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Farfetch was founded in June 2007 by Portuguese businessman José Neves as a marketplace for high-end fashion. [3] The company was based in London and had a launch team of 5 people. [ 4 ] Initially registered as Far-fetch.com Ltd from 2007- 2010, then Farfetch.com Ltd from 2010 - 2013, [ 5 ] the company's idea was to connect small offline ...
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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]