Since 2015, sales revenue of Farfetch has grown at an exponential level, going from a humble 142.3 million to just over 2.32 billion U.S. dollars. An online-only retail platform, Farfetch is a merchandiser of luxury clothing, jewelry, and accessories of 1,300 brands, both new and pre-owned.
A truly global retail platform
Originally founded in 2007 by the Portuguese business person José Neves, Farfetch is a United Kingdom (UK) based e-commerce store for luxury fashion lovers. In 2021, the platform generated the largest share of its annual revenue from
Europe, the Middle East and Africa (EMEA). Farfetch, which sells stock from brands around the globe, has their products available for delivery in a total of 190 countries worldwide.
Online-only fashion retailers
In 2022, the UK boasted a total 45 million
e-commerce users in the apparel segment alone, and the number only grows when including the footwear, bags and accessories segments. The popularity of online fashion retailers is unquestionable. Besides Farfetch, other popular fashion online-only stores include
ASOS and Shein, which lead in the
fast fashion industry as opposed to luxury fashion.