×
2 423
Fashion Jobs
AESOP
Retail Consultant | Fixed-Term | Part-Time | Brighton
Permanent · Brighton
PRETTYLITTLETHING
Senior Affiliate Marketing Executive
Permanent · MANCHESTER
BOOHOO
Ecommerce Trading Executive
Permanent · MANCHESTER
ESTEE LAUDER
Clinique - Consultant - Brown Thomas, Dublin - 15 Hours - Part-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager - Harvey Nichols London (37.5 Hours)
Permanent · London
ESTEE LAUDER
Clinique - Consultant - m&s Newcastle - 15 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTEE LAUDER
jo Malone London - Marketing And Consumer Engagement Director
Permanent · London
AESOP
Retail Consultant | Part-Time, Permanent | Aesop Selfridges Exchange Square, Manchester
Permanent · Central
BOOHOO
Print Sales Account Manager
Permanent · MANCHESTER
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Mac Cosmetics - Business Manager - Mac Stratford2, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
Published
Mar 12, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Farfetch eyeing £4bn IPO

Published
Mar 12, 2018

Farfetch has reportedly hired bankers from JDMorgan and Goldman Sachs to work on a US listing that could value the online luxury platform at around £4bn, it emerged on Monday.


Farfetch founder Jose Neves - Farfetch


The London-based business sells designer pieces from nearly 900 luxury brands from across the world, essentially connecting small and independent boutiques with well-heeled shoppers.

Whilst Farfetch was in financial 2016 still not yet profitable, with losses before tax of £35.4m, it is seeking to match its main rival Yoox Net-A-Porter in value, reported The Financial Times on Saturday.

Yoox Net-A-Porter revealed net profits of €51m on revenues of €2.1bn last year, and has a market valuation of €5bn (around £4.4bn).

Rumours of an IPO have surrounded Farfetch over the last two years. Its founder Jose Neves confirmed there was an interest last year when he told The Telegraph that an IPO would be “the next logical stage” for the company.

Indeed, Farfetch has been accelerating its top designer credentials over the past few months. In February, Chanel bought a minority stake in the business as part of a partnership to develop more digital services at its stores. Also in February, Farfetch signed a global partnership with British company Burberry. This week, the company unveiled a further luxury tie-up, this time with department store chain Harvey Nichols.

Farfetch also captured the attention of Chinese e-commerce giant JD.com, which invested almost $400m into the business last year, and Singapore’s Temasek, which led a $110m round of financing in 2016.

Farfetch, JPMorgan and Goldman Sachs have declined to comment about the potential IPO, reported The Financial Times.
 

Copyright © 2022 FashionNetwork.com All rights reserved.