What is FARFETCH? FARFETCH Review, Features

FARFETCH was founded in 2007 and is a global fashion luxury website headquartered in London. Its founder is José Neves. FARFETCH has collected fashion brands from most of the brands and buyer stores in the world, including men's and women's fashion, children's clothing, bags, shoes and other products.

About FARFETCH

The FARFETCH website and mobile app are available in 10 languages, with offices in 11 cities around the world. Through more than 700 partners in 40 countries, FARFETCH's express delivery service now reaches more than 190 countries and provides same-day delivery in 10 cities.

In addition to the well-known luxury brands, Japanese and Korean niche design brands can also be found on FARFETCH. In addition to delivery services, the website also has a pickup service. You only need to check the pickup location to pick up the goods for free. FARFETCH has also set up a new Vintage column for retro style lovers. Users can find unique retro items here, and direct mail from China is provided to facilitate Chinese consumers to choose and buy.

Founder

José Neves, the founder of FARFETCH, is a man with an inextricable bond with fashion. As early as the 1990s, José Neve had already entered the fashion business through his shoe design brand SWAER. In 2001, he founded B Store, a physical store specializing in selling fashion clothing. In 2007, when Neves went to Paris Fashion Week to sell his B Store brand, he came up with the idea of ​​starting a fashion e-commerce platform.

Group composition

FARFETCH Group now includes:

1. FARFETCH.com, a high-end fashion boutique online shopping platform.

2. FARFETCH Black & White, a white label e-commerce solution for luxury brands.

3. To enhance customer journey satisfaction for brands and boutiques, a customized technology toolkit “Store of The Future” combines the online and offline retail worlds.

Service Advantages

FARFETCH's diverse and thoughtful services are derived from the concept of customer experience first. Our website offers 12 language options, multilingual customer service support, and corresponding fast delivery, including same-day delivery services covering 18 cities around the world, and F90 express delivery that arrives 90 minutes after placing an order. All of this is to create a perfect shopping experience. At the same time, the trend inspiration and customized recommendations carefully planned by the fashion team allow customers to easily find their own personality style among FARFETCH's massive fashion products.

Financing

-In July 2010, FARFETCH completed a US$45 million Series A financing round led by Advent Venture Partners.

-In January 2012, FARFETCH completed a US$18 million Series B financing round led by Index Ventures.

-In March 2013, FARFETCH completed a US$20 million Series C financing led by Condé Nast.

-In May 2014, FARFETCH completed a $66 million Series D financing led by Vitruvian Partners. Participants included Chinese angel investor Chen Lin, partner of United Venture Capital, and Farfetch's previous investors Condé Nast Group and Advent Ventures.

-In March 2015, FARFETCH received $86 million in Series E investment, led by Digital Sky Technologies and Yuri Milner, and followed by Vitruvian Partners and Condé Nast.

-In May 2016, FARFETCH announced that it had just received a round of US$110 million in Series F financing, led by Temasek, IDG Capital Partners and Eurazeo, and followed by Vitruvian Partners.

-In June 2017, it received a strategic investment of US$397 million from Chinese e-commerce giant JD.com.

Development History

-In October 2014, FARFETCH established offices in the UK, the US, Portugal, Brazil and Tokyo.

-In 2015, the transaction volume on the FARFETCH platform reached US$500 million. The company makes a profit by taking a certain commission from each transaction. FARFETCH will mainly use this round of financing to further expand its international market.

-In April 2017, FARFETCH and Gucci launched an exclusive partnership to provide an ultra-fast delivery experience in 10 cities across four continents, with orders arriving within 90 minutes.

-In June 2017, FARFETCH announced that it had become a global content and business partner with publishing giant Condé Nast, bringing a seamless connection between editorial content and shopping experience to fashion lovers.

-It was listed on the New York Stock Exchange in September 2018, with a financing scale of US$880 million and a valuation of approximately US$6.2 billion.