Farfetch Platform Solutions News Today

Luxury etailer Farfetch will lay off between 25% and 30% of its workforce as part of new owner Coupang's efforts to "streamline the business", according to a company memo seen by Drapers.

José Neves is stepping down as Farfetch CEO amid Coupang's management shakeup which has also seen Browns chief Elizabeth Von Der Goltz exit.

Farfetch founder José Neves has reportedly stepped down from the role of chief executive officer at the troubled luxury etailer.

José Neves is stepping down as Farfetch CEO amid Coupang's management shakeup which has also seen Browns chief Elizabeth Von Der Goltz exit.

Farfetchs unraveling continues with creditors filing lawsuit to liquidate, NMG canceling its software platform and Kering pulling brands off the platform.

Neiman Marcus, Farfetch sever commercial ties.

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.

Neiman Marcus, Farfetch sever commercial ties.

As luxury shoppers move increasingly towards shopping DTC and bricks and mortar, Drapers asks luxury fashion veterans, recruiters and analysts: has the luxury ecommerce bubble burst?