Farfetch Platform News Today

Jean-Marc Duplaix, Kering deputy CEO, said Farfetch 'is not a strategic partner for us.' WWD has learned the brands will no longer sell on the site.

Farfetch will remain a minority shareholder of Neiman Marcus Group, but won’t be working to replatform Bergdorf Goodman’s website and app anymore.

With Farfetch rumoured to be taken private amid a falling cash position, Drapers explores what’s behind the luxury etailer’s struggles and what impact they have on the rest of the luxury market.

Richemont said it has “no financial obligations" towards Farfetch, which may become private, and does not envisage lending, investing in the company.

Europe's competition authority had been expected to wave through the deal after it was approved in the U.K., and other regions, earlier this year.

Richemont's agreement to sell a majority of YNAP to Farfetch and Alabbar has overcome its final regulatory hurdle. Now it's all about execution.

The European Commission has cleared the acquisition by Farfetch of a 47.5 percent stake in Yoox Net-a-Porter in a widely expected decision.

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Rising interest rates continued to weigh on the growth sector.

Q2 2022 Gross Merchandise Value ("GMV") increases 1.3% year-over-year (or increases 7.6% year-over-year at constant currency) to $1 billion Q2 2022 Digital Platform GMV decreases 3.3% year-over-year