| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
0 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
2,317 |
| Net Income (TTM) (Millions $) |
345 |
| Cash Flow (TTM) (Millions $) |
1,363 |
| Capital Exp. (TTM) (Millions $) |
22 |
Business Description
Farfetch Ltd is a British-Portuguese luxury fashion and technology company that was founded in 2007 by Jos' Neves. The company is headquartered in London, United Kingdom, and has global offices in 14 cities, including New York, Shanghai, Tokyo, and Dubai. The company is listed on the New York Stock Exchange (NYSE) and has a market capitalization of approximately $16 billion as of 2021.
Farfetch is an online luxury fashion marketplace that offers more than 3,000 brands and boutiques to its customers worldwide. Some of the most prestigious brands that are offered by the company include Gucci, Prada, Chanel, and Versace. The company operates its business in three segments: online marketplace, brand platform, and in-store retail.
The online marketplace segment involves the operation of an e-commerce platform that connects buyers and sellers of luxury fashion products. The platform offers a wide range of products, including clothing, shoes, bags, jewelry, and accessories. Farfetch sources these products from independent brands and retailers and offers them to customers all around the world. Through the online marketplace, customers can access products from anywhere in the world, making it easier for them to shop their favorite brands.
The brand platform segment involves Farfetch partnering with brands to provide them with an online platform to sell their products directly to customers. This segment allows brands to have a wider reach and better access to international markets. Farfetch offers various services to these brands, including marketing, customer service, and logistics.
Finally, the in-store retail segment involves Farfetch partnering with physical luxury boutiques to enable them to sell their products online. This segment allows physical stores to have access to a greater number of customers through Farfetches online platform.
The company has a customer base in over 190 countries, with the majority of its business coming from the United States, Asia, and Europe. Farfetch also has a high-end loyalty program, called the Farfetch Black & Platinum, which rewards customers with exclusive perks like early access to sales, personal styling, and free shipping.
Farfetch has made efforts to stay ahead of the curve by incorporating Artificial Intelligence (AI) and Augmented Reality (AR) technologies into its platform. For example, the company has launched an AR-enabled app that allows customers to try on virtual clothing to see how they look before purchasing. The company also uses AI algorithms to personalize its recommendations to customers, making their shopping experience more enjoyable.
Overall, Farfetch is a global online luxury fashion platform that offers a diverse range of products and services to its customers worldwide. The companyes use of cutting-edge technology, strong brand partnerships, and commitment to provide excellent customer experience place them at the forefront of the luxury e-commerce sector.
Company Address: The Bower London 0
Company Phone Number: Stock Exchange / Ticker: NYSE FTCH
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