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Farfetch

Luxury fashion ecommerce platform Farfetch was founded in 2007 in London by José Neves. Today it says it hosts more than 1,400 luxury brands and has customers in more than 190 countries and territories. In 2015, it bought British luxury independent retailer Browns.  Farfetch was sold to New York Stock Exchange-listed Korean conglomerate Coupang in a deal worth $100m (£767m) in December 2023, after the luxury ecommerce player’s financial struggles were revealed in December 2023. In February 2024, Coupang founder, chairman and CEO Bom Kim, replaced Farfetch founder and CEO Neves. In August 2024 Farfetch confirmed the closure of its white-label business unit, Farfetch Platform Solutions, to focus on its core luxury fashion marketplace under Coupang’s ownership. 

News

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Farfetch owner offers $1bn in vouchers for those affected by data breach

Farfetch parent company Coupang is offering more than $1bn (£741.54bn) in compensation for all customers hit by South Korea's biggest ever-data breach, discovered in November.

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Farfetch owner Coupang suffers data breach

South Korean ecommerce giant Coupang, which owns luxury fashion etailer Farfetch, has apologised following a data breach involving millions of local customer accounts last month.

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Reebok cuts footwear roles

Reebok has launched a restructuring of its footwear division following the termination of its licensing agreement with Farfetch's New Guards Group (NGG) earlier this month.

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Farfetch shutters white-label business

Farfetch has confirmed the decision to shutter its white-label business unit, Farfetch Platform Solutions, to focus on its core luxury fashion marketplace under Coupang's ownership.

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Can independent fashion designers survive post-Matches?

With The Vampire’s Wife shutting down and Roksanda sold in a pre-pack administration, Drapers explores the challenges facing independent British designer labels.

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Coupang: Farfetch deal 'a prudent financial decision'

Coupang said it is confident that the acquisiton of Farfetch would be "a worthwhile investment for shareholders" in a conference call following its full-year financial results. 

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