Farfetch Confirms Discussions with Richemont | Nation / World

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LONDON – (BUSINESS WIRE) – November 12, 2021–

Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, confirms that it is in talks with Richemont as part of a possible expansion of its Luxury New Retail strategic partnership. The parties discuss a number of possible options, including the use of Farfetch Platform Solutions (FPS) to power the houses of Richemont and YOOX NET-A-PORTER (YNAP), the participation of the houses of Richemont in Farfetch’s Marketplace. and a minority investment in YNAP by Farfetch.

However, there can be no assurance that the parties will be able to reach agreement on any of the options considered. If these discussions progress, Farfetch will make further announcements if and when necessary.

About Farfetch

Farfetch Limited is the world’s leading platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques around the world. Today, the Farfetch Marketplace connects customers from over 190 countries and territories with items from over 50 countries and nearly 1,400 of the world’s best brands, boutiques and department stores, delivering an experience of truly unique purchase and access to the widest selection of luxury goods on a single platform. Farfetch’s other businesses include Browns and Stadium Goods, which provide luxury goods to consumers, and New Guards Group, a platform for the development of global fashion brands. Farfetch offers its broad portfolio of consumer channels and enterprise-level solutions to the luxury industry as part of its Luxury New Retail initiative. The Luxury New Retail initiative also encompasses Farfetch Platform Solutions, which provides business customers with e-commerce and technology capabilities and innovations, such as Store of the Future, its connected retail solution.

For more information, please visit www.farfetchinvestors.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211112005493/en/

CONTACT: Investor Relations:

Alice ryder

VP Investor Relations

IR@farfetch.com Media:

Susannah Clark

VP Communications, World

susannah.clark@farfetch.com

+44 7788 405224 Brunswick Group

farfetch@brunswickgroup.com

United States: +1 (212) 333 3810

UK: +44 (0) 207 404 5959

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: DELUXE ONLINE RETAIL SUPPLY CHAIN ​​MANAGEMENT

SOURCE: Farfetch

Copyright Business Wire 2021.

PUB: 12/11/2021 05:39 / DISC: 12/11/2021 05:39

http://www.businesswire.com/news/home/20211112005493/en

Copyright Business Wire 2021.


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