Farfetch Limited Stock Price, News & Analysis

Farfetch Limited (NYSE: FTCH) has published its 2021 Environmental, Social and Governance (ESG) report, detailing its initiatives and progress towards 2030 sustainability goals. The report is accessible through the Company’s investor relations website. Farfetch, established in 2007, connects customers in over 190 countries with luxury fashion items from a wide array of brands and boutiques, demonstrating its unique position in the luxury fashion industry.

Neiman Marcus Group (NMG) has closed a $200 million minority equity investment by FARFETCH Limited (FTCH). The funds will accelerate NMG's growth and innovation, particularly in technology and digital capabilities. This partnership includes commercial agreements where FARFETCH Platform Solutions will revamp the Bergdorf Goodman website and mobile app, enhancing the digital customer experience. Both brands will also join the FARFETCH Marketplace, expanding their global reach. NMG's CEO expresses excitement about realizing the benefits of this collaboration.

Farfetch Limited (NYSE: FTCH) reported Q1 2022 results showing a 1.7% year-over-year increase in Gross Merchandise Value (GMV) to $930.8 million, and a 6.1% rise in revenue to $514.8 million. Despite challenges from macro events in China and operations ceasing in Russia, the company noted strong marketplace growth in the Americas and Middle East. Profit after tax surged to $728.8 million, aided by significant gains from fair value remeasurements. However, Adjusted EBITDA fell to $(35.8) million, reflecting a 8.2% margin decline.

Farfetch Limited (NYSE: FTCH) announced its first quarter 2022 financial results will be released after U.S. market close on May 26, 2022. A conference call to discuss these results is scheduled for 4:30 p.m. ET the same day, with a live webcast available on the Farfetch Investor Relations website. Founded in 2007, Farfetch is a leading platform for luxury fashion, connecting customers globally with over 1,400 brands and boutiques. Additional business offerings include Browns, Stadium Goods, and New Guards Group.

FARFETCH (NYSE: FTCH) has launched its Beauty segment across its brands, including Farfetch.com, Browns, and Off-White™, following the acquisition of luxury beauty retailer Violet Grey. This expansion targets the growing global Luxury Beauty market, estimated at nearly $69 billion. Farfetch.com will feature over 100 brands, while Browns will present a curated selection of beauty products. Off-White™ introduces a collection of genderless fragrances. The initiative aims to create an immersive shopping environment that merges fashion and beauty, appealing to a diverse customer base.

FARFETCH Limited (NYSE: FTCH) announced a strategic partnership with Neiman Marcus Group (NMG) to enhance luxury retail through digital transformation. FARFETCH will invest up to $200 million in NMG, focusing on re-platforming the Bergdorf Goodman website and mobile app. This partnership aims to integrate global digital capabilities and improve customer experience. NMG plans to leverage FARFETCH Platform Solutions for international services and expand its presence in key global markets. The collaboration is expected to be completed by Q3 2022, following customary conditions.

Farfetch Limited (NYSE: FTCH), a leader in the luxury fashion sector, announced that its Founder, Chairman, and CEO, José Neves, will present at the Goldman Sachs European Digital Economy Conference on Friday, March 25, 2022, at 2:40 p.m. GMT (10:40 a.m. ET).

The presentation can be accessed via a live audio webcast at farfetchinvestors.com, with a replay available for 30 days post-event.

Farfetch operates a global platform connecting consumers with luxury items from over 1,400 brands.

Farfetch Limited (NYSE: FTCH) has filed its Annual Report on Form 20-F with the Securities and Exchange Commission for the fiscal year ending December 31, 2021. The report provides comprehensive details about the company's financial performance and operational metrics.

Investors can access the report through Farfetch's investor relations website or the SEC’s website. The company continues to position itself as a leading platform in the luxury fashion industry, connecting customers globally with a wide selection of luxury brands and boutiques.

Farfetch Limited (NYSE: FTCH), a leader in the luxury fashion sector, announced that CFO Elliot Jordan will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022, at 11:30 a.m. PT (2:30 p.m. ET). The event will be accessible via a live audio webcast at farfetchinvestors.com, with a replay available for 30 days post-event. Farfetch connects customers in over 190 countries to luxury fashion from more than 1,400 brands and boutiques, offering a unique shopping experience.