Product details

Launched in 2008, FARFETCH Ltd, (Farfetch) was one of the leading luxury goods online marketplaces in the world. In 2020, the online luxury platform witnessed positive EBITDA, almost after 12 years of its establishment and more than two years of its IPO (in 2018). Farfetch's Digital first approach, focus on sustainability, investment in New Guards Group, strategic partnership with Alibaba, Richemont, and Artemis, etc, were considered as the key factors for driving the growth of the company. In 2021, Farfetch also launched its own fashion brand 'There Was One' and opened a new flagship store in London. Despite various global challenges, Farfetch was leaning on emerging technologies like Web3 to build a community. However, the company missed analysts' expectations in Q3 of 2022. Further, in 2022, Farfetch unveiled beauty portfolio and was expanding into new business line. Simultaneously, it was trying to build a complex and interdependent luxury ecosystem, where every stakeholder would depend upon each other. However, in Q3 of 2022, Farfetch's active customers number increased only by 8.6% than Q3 2021. Under various challenging scenarios like stiff competition between the online and offline luxury retail space, excessive inventory due to geopolitical situation in China and Russia, etc, would Farfetch continue its growth in the global luxury space?