‘Stronger’ Farfetch brand gets Q2 boost
London-headquartered luxury e-tailer Farfetch recently released its financial report for the second quarter (Q2) of 2021.
Revenues increased 43% year on year to $523 million, the company said, while its gross merchandise value similarly grew by 40% on the previous year to exceed $1 billion - more than double that of the same period in 2019.
Farfetch’s founder, chairman and chief executive, José Neves, commented: “Our stronger Farfetch brand is drawing marketing partnerships and even greater supply from brands to drive a 90% increase in full-price sales year over year from the highly valuable luxury audience we have attracted.
“All this boosts our progress towards becoming the global platform for luxury, as we continue to advance our initiatives in China, plus Farfetch Platform Solutions, Farfetch Connected Retail and our Luxury New Retail vision.”
