Farfetch is a London based luxury online retailer founded in 2007 by entrepreneur José Neves, who is its CEO and executive co-chair. Farfetch floated on NYSE last year but remains headquartered in London.
The business also counts JD.com, Eurazeo, IDG Capital, FJ Labs, Jose Marin, Vitruvian and The Chaloub Group among its investors and has recently landed a deal with luxury department store Harrods to revamp its online presence. Farfetch also recently joined the Libra Association and will work closely with other Founding Member organisations in the lead-up to the public launch of the Facebook-led initiative in the first half of 2020.
This year the online luxury platform achieved a 39% increase in revenue in Q1 of 2019 to just over $174m outpacing the growth in the sector as a whole and it reported on some key strategic milestones. Gross Merchandise Value hit $419.2m, up 50% on a constant currency basis, while GMV generated over the past 12 months hit $1.53bn. The London-based and New York listed business also saw its active customer base hit 1.7m with an average order value of $601.