- ABOUT -
Created in 2008, Farfetch is an online market place connecting fashion and luxury goods, brands and multi-brand boutiques with customers in 190 countries. The website, translated into 12 languages, retails products from nearly 1,000 independent boutiques and partner brands, guaranteeing ample access to high-end customers. The company’s rapid expansion is due to its multi-channel model that enables customers to buy online and collect or return items in stores, its extensive catalogue and its broad customer base. In 2017, Farfetch generated a business volume of $910 million, up 55% compared to 2016, and had nearly 936,000 active customers, a 44% increase from the previous year. This growth was driven by its policy to win over new customers in emerging markets, such as China and the United Arab Emirates.
Farfetch was introduced on the New York Stock Exchange on September 24, 2018.
- INVESTMENT CASE -
What is the purpose of the transformation?
The surge in the on-line luxury goods market is impacting brands that have invested significantly in digital transformation, as well as the major multi-brand companies. Based on its size, innovative business model and extensive catalogue, Farfetch is already an undeniable player in this market, which is consolidating around a small number of multi-brand players, including Farfetch, that are privileged brand partners. With further international development, particularly in China, its second largest market, Japan and the other Asia-Pacific zone countries, the company’s growth potential is considerable.
How will Eurazeo accompany Farfetch in this transformation?
Eurazeo will share its knowledge of the luxury, fashion, brand and digital sectors. We will support Farfetch with its brand alignments, so that its value proposition perfectly matches their needs. The presence of Eurazeo in China, Brazil and the United States will also aid Farfetch in its international development.