×
3 545
Fashion Jobs
VF INTERNATIONAL
Compliance &Amp; Audit Controller
Permanent · CALVERTON
COTY
UK & Ireland Cfo, Consumer Beauty & Luxury
Permanent · London
EVERLAST GYMS
General Manager - Everlast Gyms
Permanent · SELBY
SELFRIDGES
Senior Tech Business Analyst - Source And Supply
Permanent · LONDON
HARVEY NICHOLS KNIGHTSBRIDGE
Brand Consultant - Canada Goose (Womenswear)
Permanent · LONDON
NEXT
Sales Coordinator - Toftshaw Lane Staff Shop
Permanent · BRADFORD
NEXT
Home Design Consultant - Norfolk Longwater
Permanent · NORWICH
NEXT
Delivery Manager - Basildon
Permanent · BASILDON
NEXT
Sales Manager - Scarborough Home
Permanent · SCARBOROUGH
NEXT
Sales Coordinator - Cheltenham Gallagher
Permanent · CHELTENHAM
NEXT
Delivery Coordinator - Bentley Bridge - Wolverhampton
Permanent · WOLVERHAMPTON
NEXT
Sales Coordinator - Leeds Thorpe Park
Permanent · LEEDS
NEXT
Sales Coordinator - Redditch
Permanent · REDDITCH
NEXT
Sales Manager - Bristol Imperial Park
Permanent · BRISTOL
HUGO BOSS UK LTD.
IT Business Consultant - Northern Hub
Permanent ·
FRASERS GROUP
HR Business Partner
Permanent · SHIREBROOK
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · STOKE-ON-TRENT
ALL SAINTS
Senior CRM Executive
Permanent · London
COTY
Pan eu Senior Key Account Manager
Permanent · London
FLANNELS
Events & Marketing Manager- Flannels
Permanent · LIVERPOOL
FRASERS GROUP
Senior Marketing Executive - Everlast Gyms
Permanent · SHIREBROOK
FLANNELS
Loss Prevention Supervisor - Flannels
Permanent · RUSHDEN
Ads
Published
Aug 20, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

UK fashion e-tailer Farfetch prepares for NYSE listing

Published
Aug 20, 2018

British fashion and luxe e-tailer Farfetch has filed its application for a stock exchange listing in New York. The number of shares involved in the flotation and their price is as yet undisclosed. 
 

José Manuel Ferreira Neves, founder and CEO of Farfetch - Farfetch


The news is far from unexpected. Last March, the site led by London-based Portuguese businessman José Neves announced the choice of JP Morgan and Goldman Sachs as the banks working on the operation. At the time, financial analysts estimated the potential valuation of Farfetch at about GBP4.0 billion, equivalent to €4.5 billion.

The news came as the site proudly reported a revenue of $268 million in the first half of 2018, well above the $173 million achieved in the same period a year earlier. It was not the only increase on record for Farfetch though: six-monthly pre-tax losses grew in a year from $30 million to $68 million, as the website staged a plethora of new initiatives in recent months.

These included the launch of a dedicated site for watches and jewellery, the acquisition of Chinese social marketing specialist CuriosityChina, the introduction of the Dream Assembly tech accelerator and the signing of an agreement with the Chalhoub group to launch in the Middle East.

In terms of labels, Farfetch initiated partnerships with Chanel and Burberry, while Harvey Nichols put the e-tailer in charge of boosting its online sales. Farfetch also set up a 90 minute delivery service in Gucci flagships, while Fendi chose the luxury site to start selling its bespoke products online.

Farfetch currently retails products by 3,200 brands. It claims about 935,000 active users, up 40% compared to the previous financial year. Since last year, the Chinese e-tail giant JD.com ranks among Farfetch’s shareholders. 

Copyright © 2023 FashionNetwork.com All rights reserved.