Farfetch news and trends

Coupang: Fulfillment Service Helps Merchants Double Sales in 90 Days
Earnings // May 07, 2024

South Korean eCommerce giant Coupang is seeing growing adoption of its latest products and services. Its fulfillment and logistics, grocery delivery and meal delivery offerings made gains during the first quarter, Bom Kim, founder and CEO of Coupang, said Tuesday (May 7) during the company’s quarterly earnings call. The company’s...

Coupang Q4: Farfetch Acquisition Opens Door to Untapped Luxury Goods Market
eCommerce // February 27, 2024

Korean eCommerce giant Coupang announced fourth-quarter earnings on Tuesday (Feb. 27), reporting a year of accelerated growth, record profits and a strong cash balance of over $5.5 billion dollars. “We believe that creating moments of ‘Wow’ for customers across selection, price and service form the foundation...

Pops of Pink and a Dash of Taylor Swift: Resolutions Retailers Must Make for 2024
Retail // December 30, 2023

A few years ago, many consumers focused on enhancing their beauty routines, setting up home offices, and engaging in at-home fitness activities, with companies like Mirror, Peloton and Tonal gaining popularity due to the pandemic. The trend prompted brands and retailers to emphasize health and...

Farfetch, Now Matches: Investors Look for Deals Amid Luxury eCommerce Sites 
eCommerce // December 21, 2023

Matchesfashion has officially changed hands.   Frasers Group, the British retail conglomerate, has acquired the luxury multibrand retailer for £52 million ($65 million) from private equity firm Apax Partners. Apax had purchased Matches in 2017 from its founders, Tom and Ruth Chapman, in a deal valued at...

Interviews & Exclusives
Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?

December 19, 2023
After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation of its planned conference call, Farfetch has been acquired by South Korean eCommerce giant Coupang. Will it be enough to save the struggling luxury retailer from going out of style? […]

The Year That Led to Farfetch’s Earnings Call No-Show 

November 30, 2023
After a year filled with surprising developments, Farfetch appears to be continuing its trend of unexpected moves. The online luxury retailer revealed this week that it will not be disclosing...

Luxury Shoppers Are Slow to Convert but Demand Digital Innovation

September 05, 2023
Luxury retailers have established a reputation for their exclusive and upscale offerings, catering to a limited clientele characterized by discerning preferences and substantial financial resources. Their primary emphasis on premium...

Why Farfetch and TheRealReal No Longer Find Beauty Products Pretty

August 15, 2023
Over the past few years, the beauty category has witnessed unprecedented growth, leading to a surge in new brands, innovative products, and cutting-edge marketing strategies. However, while the beauty category...

Quick Reads
Volt Launches Pay-by-Bank Partnership With Luxury Retailer Farfetch

September 18, 2024
Real-time payments platform Volt has launched a partnership with luxury retailer Farfetch. The collaboration, announced Wednesday (Sept. 18), allows Farfetch customers in the U.K., Germany and the Netherlands make instant payments directly from their bank accounts. “With the real-time payments integration, Farfetch customers can now complete their payments in a few taps by simply choosing […]

Coupang: Fulfillment Service Helps Merchants Double Sales in 90 Days

May 07, 2024
South Korean eCommerce giant Coupang is seeing growing adoption of its latest products and services. Its fulfillment and logistics, grocery delivery and meal delivery offerings made gains during the first quarter, Bom Kim, founder and...

Farfetch Acquired by Korean eCommerce Giant Coupang

December 19, 2023
Struggling luxury retailer Farfetch has been purchased by Coupang, the South Korean eCommerce giant. The deal gives Coupang greater access to the personal luxury goods space, while offering Farfetch $500 million to remain in operation,...

Richemont Has No Plan to Invest in Luxury Brand Farfetch

November 29, 2023
Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be considering becoming a private company, Reuters...