Farfetch Key Executives
This section highlights Farfetch's key executives, including their titles and compensation details.
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Farfetch Earnings
This section highlights Farfetch's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q2 | 2023 | 2023-08-17 | $-0.21 | $-0.21 |
| Read Transcript | Q1 | 2023 | 2023-05-18 | $-0.27 | $-0.16 |
Farfetch Limited, together with its subsidiaries, provides an online marketplace for luxury fashion goods in the United States, the United Kingdom, and internationally. It operates through three segments: Digital Platform, Brand Platform, and In-Store. The company operates Farfetch.com, an online marketplace, as well as Farfetch app for retailers and brands. It also offers web design, build, development, and retail distribution solutions for retailers and brands. As of December 31, 2021, operates two Browns retail stores; two Stadium Goods retail stores; and twelve New Guards Off-White stores, as well as three Ambush stores, two Palm Angels stores, and three Off-White outlets. In addition, it operates approximately sixty New Guards franchised retail stores and four seasonal stores under various brands. Farfetch Limited was founded in 2007 and is headquartered in London, the United Kingdom.
$0.64
Stock Price
$254.21M
Market Cap
6.73K
Employees
London, None
Location
Financial Statements
Access annual & quarterly financial statements for Farfetch, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $2.32B | $2.26B | $1.67B | $1.02B | $602.38M |
| Cost of Revenue | $1.29B | $1.49B | $1.12B | $674.78M | $327.47M |
| Gross Profit | $1.02B | $765.31M | $553.71M | $346.25M | $274.91M |
| Gross Profit Ratio | 44.17% | 33.90% | 33.08% | 33.91% | 45.64% |
| Research and Development Expenses | $226.75M | $13.60M | $22.48M | $66.02M | $12.46M |
| General and Administrative Expenses | $729.86M | $591.64M | $504.35M | $345.67M | $228.89M |
| Selling and Marketing Expenses | $272.01M | $291.82M | $198.79M | $151.35M | $97.30M |
| Selling General and Administrative Expenses | $1.27B | $1.28B | $1.09B | $674.76M | $434.75M |
| Other Expenses | $369.52M | $- | $- | $- | $- |
| Operating Expenses | $1.87B | $1.29B | $1.11B | $740.79M | $447.20M |
| Cost and Expenses | $3.16B | $2.78B | $2.23B | $1.42B | $774.67M |
| Interest Income | $12.65M | $3.31M | $4.97M | $11.53M | $10.72M |
| Interest Expense | $80.44M | $77.31M | $51.35M | $8.26M | $- |
| Depreciation and Amortization | $187.72M | $251.20M | $217.22M | $113.59M | $23.54M |
| EBITDA | $-515.97M | $1.80B | $-3.06B | $-251.05M | $-149.78M |
| EBITDA Ratio | -22.27% | -12.10% | -20.22% | -27.52% | -24.69% |
| Operating Income | $-847.16M | $-524.19M | $-555.72M | $-394.53M | $-172.29M |
| Operating Income Ratio | -36.57% | -23.23% | -33.20% | -38.64% | -28.60% |
| Total Other Income Expenses Net | $1.19B | $1.95B | $-2.77B | $21.64M | $18.87M |
| Income Before Tax | $341.26M | $1.47B | $-3.33B | $-372.89M | $-153.45M |
| Income Before Tax Ratio | 14.73% | 65.30% | -198.93% | -36.52% | -25.47% |
| Income Tax Expense | $-3.52M | $3.00M | $-14.43M | $1.16M | $2.16M |
| Net Income | $359.29M | $1.47B | $-3.33B | $-385.30M | $-155.57M |
| Net Income Ratio | 15.51% | 64.99% | -199.12% | -37.74% | -25.83% |
| EPS | $0.93 | $4.02 | $-9.69 | $-1.21 | $-0.59 |
| EPS Diluted | $0.77 | $3.10 | $-9.69 | $-1.21 | $-0.59 |
| Weighted Average Shares Outstanding | 384.99M | 364.70M | 343.83M | 318.84M | 264.43M |
| Weighted Average Shares Outstanding Diluted | 465.69M | 472.36M | 343.83M | 318.84M | 264.43M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $572.09M | $556.39M | $629.17M | $593.36M | $579.35M | $514.80M | $665.65M | $582.57M | $523.31M | $485.08M | $540.11M | $437.70M | $364.68M | $331.44M | $382.23M | $255.48M | $209.26M | $174.06M | $195.53M | $134.54M |
| Cost of Revenue | $329.21M | $403.20M | $456.73M | $411.54M | $392.23M | $365.78M | $421.95M | $395.19M | $355.95M | $318.20M | $351.09M | $228.67M | $205.31M | $178.06M | $206.10M | $140.34M | $123.98M | $90.77M | $101.34M | $67.15M |
| Gross Profit | $242.87M | $153.19M | $172.45M | $181.82M | $187.11M | $149.02M | $243.70M | $187.37M | $167.36M | $166.88M | $189.01M | $209.03M | $159.38M | $153.38M | $176.14M | $115.14M | $85.28M | $83.29M | $94.20M | $67.39M |
| Gross Profit Ratio | 42.45% | 27.50% | 27.40% | 30.60% | 32.30% | 28.90% | 36.60% | 32.20% | 32.00% | 34.40% | 35.00% | 47.76% | 43.70% | 46.28% | 46.08% | 45.07% | 40.75% | 47.85% | 48.17% | 50.09% |
| Research and Development Expenses | $24.13M | $29.27M | $226.75M | $28.39M | $31.12M | $34.10M | $200.00M | $32.59M | $34.55M | $33.53M | $82.33M | $29.81M | $29.28M | $26.31M | $52.40M | $22.32M | $19.07M | $20.16M | $82.91M | $19.03M |
| General and Administrative Expenses | $178.42M | $188.60M | $729.86M | $180.54M | $185.75M | $164.02M | $591.64M | $140.19M | $150.23M | $144.67M | $504.35M | $143.35M | $107.89M | $111.42M | $345.67M | $94.13M | $69.34M | $61.95M | $228.89M | $58.56M |
| Selling and Marketing Expenses | $70.89M | $57.51M | $272.01M | $61.75M | $75.03M | $68.18M | $291.82M | $74.09M | $65.89M | $61.87M | $198.79M | $46.19M | $47.38M | $37.97M | $151.35M | $34.32M | $34.44M | $31.42M | $97.30M | $22.10M |
| Selling General and Administrative Expenses | $320.44M | $324.74M | $360.11M | $354.96M | $349.96M | $301.70M | $326.62M | $293.00M | $310.83M | $280.58M | $359.89M | $272.23M | $218.48M | $181.17M | $98.24M | $165.22M | $147.73M | $132.08M | $27.02M | $119.14M |
| Other Expenses | $126.61M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $471.17M | $324.74M | $360.11M | $354.96M | $349.96M | $301.70M | $326.62M | $293.00M | $310.83M | $280.58M | $359.89M | $728.74M | $578.64M | $195.69M | $290.67M | $195.04M | $181.11M | $168.82M | $109.62M | $144.19M |
| Cost and Expenses | $800.39M | $727.94M | $816.84M | $766.50M | $742.20M | $667.49M | $748.57M | $688.20M | $666.79M | $598.78M | $710.98M | $957.41M | $783.95M | $373.75M | $496.77M | $335.38M | $305.09M | $259.60M | $210.96M | $211.35M |
| Interest Income | $4.47M | $16.76M | $31.33M | $2.82M | $24.18M | $15.56M | $16.71M | $21.90M | $10.72M | $24.66M | $23.09M | $14.36M | $20.75M | $34.35M | $4.30M | $10.69M | $1.25M | $8.41M | $5.77M | $733.00K |
| Interest Expense | $40.02M | $30.53M | $54.45M | $50.15M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $90.22M | $87.44M | $85.97M | $84.75M | $80.56M | $81.50M | $69.68M | $64.81M | $62.72M | $53.99M | $60.13M | $54.01M | $51.76M | $51.32M | $750.00K | $35.10M | $14.32M | $14.11M | $8.00M | $5.20M |
| EBITDA | $-170.61M | $-90.69M | $-109.03M | $-95.44M | $-82.29M | $-79.38M | $-17.52M | $-40.93M | $-80.75M | $-64.43M | $-127.12M | $-93.01M | $-88.39M | $-54.10M | $-119.15M | $-72.40M | $-81.52M | $-68.95M | $-16.58M | $-71.61M |
| EBITDA Ratio | -29.82% | -15.12% | -16.16% | -14.90% | -14.20% | -13.83% | -1.99% | -7.01% | -15.43% | -12.31% | -20.50% | -21.25% | -24.24% | -16.32% | -31.17% | -28.34% | -38.96% | -39.61% | -8.48% | -53.22% |
| Operating Income | $-228.30M | $-171.55M | $-187.66M | $-173.15M | $-162.85M | $-152.68M | $-82.92M | $-105.63M | $-143.47M | $-113.70M | $-170.88M | $-147.02M | $-140.15M | $-105.43M | $-119.90M | $-107.50M | $-95.84M | $-83.06M | $-24.58M | $-76.80M |
| Operating Income Ratio | -39.91% | -30.83% | -29.83% | -29.18% | -28.11% | -29.66% | -12.46% | -18.13% | -27.42% | -23.44% | -31.64% | -33.59% | -38.43% | -31.81% | -31.37% | -42.08% | -45.80% | -47.72% | -12.57% | -57.08% |
| Total Other Income Expenses Net | $-72.54M | $-27.24M | $11.50M | $-101.61M | $223.21M | $884.53M | $181.53M | $879.19M | $228.19M | $635.14M | $-2.13B | $-387.06M | $-299.87M | $31.08M | $5.58M | $21.97M | $7.02M | $-23.20M | $14.90M | $738.00K |
| Income Before Tax | $-300.84M | $-198.79M | $-176.17M | $-274.76M | $60.36M | $731.83M | $98.63M | $773.54M | $84.71M | $516.78M | $-2.30B | $-534.08M | $-440.02M | $-76.67M | $-110.23M | $-90.59M | $-94.58M | $-77.13M | $-9.65M | $-76.07M |
| Income Before Tax Ratio | -52.59% | -35.73% | -28.00% | -46.31% | 10.42% | 142.16% | 14.82% | 132.78% | 16.19% | 106.54% | -425.25% | -122.02% | -120.66% | -23.13% | -28.84% | -35.46% | -45.20% | -44.31% | -4.94% | -56.54% |
| Income Tax Expense | $-19.56M | $-24.46M | $516.00K | $164.00K | $-7.29M | $3.09M | $1.72M | $4.43M | $-3.19M | $49.00K | $-15.70M | $2.88M | $4.12M | $2.51M | $108.00K | $104.00K | $813.00K | $560.00K | $261.00K | $1.18M |
| Net Income | $-271.87M | $-171.93M | $-171.34M | $-274.19M | $70.48M | $734.33M | $101.43M | $767.17M | $86.65M | $511.24M | $-2.28B | $-544.32M | $-439.64M | $-82.07M | $-116.91M | $-95.28M | $-95.43M | $-77.69M | $-9.91M | $-77.25M |
| Net Income Ratio | -47.52% | -30.90% | -27.23% | -46.21% | 12.17% | 142.64% | 15.24% | 131.69% | 16.56% | 105.39% | -422.99% | -124.36% | -120.55% | -24.76% | -30.59% | -37.29% | -45.60% | -44.63% | -5.07% | -57.42% |
| EPS | $-0.68 | $-0.43 | $-0.44 | $-0.71 | $0.18 | $1.93 | $0.27 | $2.09 | $0.24 | $1.44 | $-6.53 | $-1.58 | $-1.29 | $-0.24 | $-0.34 | $-0.30 | $-0.31 | $-0.26 | $-0.03 | $-0.30 |
| EPS Diluted | $-0.68 | $-0.43 | $-0.44 | $-0.71 | $0.16 | $1.58 | $0.21 | $1.63 | $0.19 | $1.12 | $-6.53 | $-1.58 | $-1.29 | $-0.24 | $-0.34 | $-0.30 | $-0.31 | $-0.26 | $-0.03 | $-0.30 |
| Weighted Average Shares Outstanding | 399.80M | 398.49M | 390.77M | 384.96M | 382.81M | 381.34M | 378.26M | 367.06M | 358.19M | 355.05M | 349.60M | 344.19M | 340.81M | 340.27M | 339.50M | 322.23M | 308.93M | 304.45M | 299.50M | 256.16M |
| Weighted Average Shares Outstanding Diluted | 401.89M | 398.49M | 390.77M | 384.96M | 438.03M | 466.08M | 472.84M | 469.63M | 455.67M | 457.89M | 349.60M | 344.19M | 341.22M | 340.27M | 339.50M | 322.23M | 308.93M | 304.44M | 299.50M | 256.16M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $734.22M | $1.36B | $1.57B | $322.43M | $1.04B |
| Short Term Investments | $- | $99.97M | $- | $- | $- |
| Cash and Short Term Investments | $734.22M | $1.46B | $1.57B | $322.43M | $1.04B |
| Net Receivables | $82.64M | $384.91M | $212.03M | $40.57M | $2.73M |
| Inventory | $345.97M | $255.66M | $145.31M | $128.11M | $60.95M |
| Other Current Assets | $426.60M | $335.08M | $196.50M | $154.22M | $90.94M |
| Total Current Assets | $1.59B | $2.11B | $1.96B | $645.33M | $1.20B |
| Property Plant Equipment Net | $278.78M | $292.61M | $268.31M | $183.18M | $37.53M |
| Goodwill | $402.30M | $382.29M | $356.52M | $341.07M | $36.04M |
| Intangible Assets | $1.15B | $977.37M | $922.81M | $1.02B | $67.30M |
| Goodwill and Intangible Assets | $1.55B | $1.36B | $1.28B | $1.36B | $103.34M |
| Long Term Investments | $219.12M | $49.23M | $68.68M | $31.08M | $11.11M |
| Tax Assets | $19.57M | $13.33M | $13.56M | $5.32M | $-10.46M |
| Other Non-Current Assets | $21.20M | $- | $- | $- | $10.46M |
| Total Non-Current Assets | $2.09B | $1.71B | $1.63B | $1.58B | $151.98M |
| Other Assets | $- | $- | $- | $- | $1 |
| Total Assets | $3.68B | $3.83B | $3.59B | $2.23B | $1.35B |
| Account Payables | $310.96M | $342.94M | $277.83M | $180.27M | $96.18M |
| Short Term Debt | $37.00M | $356.37M | $344.90M | $-11.48M | $- |
| Tax Payables | $6.08M | $5.19M | $3.10M | $28.29M | $1.51M |
| Deferred Revenue | $50.41M | $60.49M | $30.96M | $29.97M | $- |
| Other Current Liabilities | $478.44M | $465.05M | $440.74M | $210.99M | $96.47M |
| Total Current Liabilities | $882.88M | $907.26M | $778.75M | $468.00M | $194.16M |
| Long Term Debt | $1.07B | $696.72M | $783.06M | $100.83M | $- |
| Deferred Revenue Non-Current | $- | $180.91M | $165.28M | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $156.03M | $182.46M | $219.79M | $- |
| Other Non-Current Liabilities | $816.47M | $1.95B | $3.69B | $321.22M | $28.80M |
| Total Non-Current Liabilities | $1.89B | $2.65B | $4.47B | $422.05M | $28.80M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $2.77B | $3.56B | $5.25B | $890.05M | $222.96M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $15.79M | $15.23M | $14.17M | $13.58M | $11.99M |
| Retained Earnings | $-688.84M | $-1.20B | $-2.83B | $-42.61M | $300.17M |
| Accumulated Other Comprehensive Income Loss | $919.80M | $-365.85M | $59.47M | $318.62M | $43.97M |
| Other Total Stockholders Equity | $501.46M | $2.83B | $2.11B | $1.66B | $1.56B |
| Total Stockholders Equity | $748.21M | $88.61M | $-1.83B | $1.17B | $1.13B |
| Total Equity | $905.62M | $270.62M | $-1.66B | $1.34B | $1.13B |
| Total Liabilities and Stockholders Equity | $3.68B | $3.83B | $3.59B | $2.23B | $1.35B |
| Minority Interest | $157.41M | $182.01M | $168.56M | $170.23M | $- |
| Total Liabilities and Total Equity | $3.68B | $3.83B | $3.59B | $2.23B | $1.35B |
| Total Investments | $219.12M | $149.20M | $68.68M | $31.08M | $11.11M |
| Total Debt | $1.11B | $730.31M | $809.19M | $119.32M | $- |
| Net Debt | $373.72M | $-632.82M | $-764.23M | $-203.11M | $-1.04B |
Balance Sheet Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $453.82M | $485.92M | $734.22M | $487.39M | $575.57M | $937.97M | $1.36B | $1.35B | $1.05B | $1.25B | $1.57B | $756.71M | $802.11M | $422.01M | $322.43M | $318.38M | $678.91M | $794.66M | $1.04B | $1.04B |
| Short Term Investments | $- | $- | $- | $- | $99.59M | $99.64M | $99.97M | $100.14M | $100.08M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $453.82M | $485.92M | $734.22M | $487.39M | $675.16M | $1.04B | $1.46B | $1.45B | $1.15B | $1.25B | $1.57B | $756.71M | $802.11M | $422.01M | $322.43M | $318.38M | $678.91M | $794.66M | $1.04B | $1.04B |
| Net Receivables | $501.23M | $515.65M | $508.76M | $460.25M | $454.69M | $422.20M | $384.91M | $349.24M | $318.01M | $283.77M | $212.03M | $190.42M | $222.07M | $214.48M | $40.57M | $153.54M | $120.99M | $109.60M | $2.73M | $111.75M |
| Inventory | $436.41M | $350.38M | $345.97M | $304.71M | $291.59M | $301.12M | $255.66M | $208.87M | $206.72M | $173.07M | $145.31M | $128.07M | $115.97M | $105.27M | $128.11M | $105.13M | $76.33M | $76.75M | $60.95M | $68.29M |
| Other Current Assets | $36.92M | $23.77M | $426.60M | $18.20M | $19.95M | $17.61M | $335.08M | $15.99M | $21.63M | $29.03M | $196.50M | $45.82M | $3.02M | $8.17M | $154.22M | $- | $- | $- | $90.94M | $- |
| Total Current Assets | $1.43B | $1.38B | $1.59B | $1.27B | $1.44B | $1.78B | $2.11B | $2.02B | $1.70B | $1.73B | $1.96B | $1.12B | $1.14B | $749.93M | $645.33M | $577.05M | $876.23M | $981.01M | $1.20B | $1.22B |
| Property Plant Equipment Net | $287.75M | $301.92M | $278.78M | $266.78M | $298.17M | $298.75M | $292.61M | $297.71M | $285.33M | $257.00M | $268.31M | $220.14M | $214.88M | $186.87M | $183.18M | $166.30M | $156.25M | $133.25M | $37.53M | $37.35M |
| Goodwill | $- | $- | $402.30M | $- | $- | $- | $382.29M | $- | $- | $- | $356.52M | $- | $- | $- | $341.07M | $- | $- | $- | $36.04M | $- |
| Intangible Assets | $1.50B | $1.53B | $1.15B | $1.64B | $1.72B | $1.74B | $977.37M | $1.36B | $1.24B | $1.27B | $922.81M | $1.33B | $1.35B | $1.37B | $1.02B | $1.38B | $373.34M | $305.43M | $67.30M | $91.88M |
| Goodwill and Intangible Assets | $1.50B | $1.53B | $1.55B | $1.64B | $1.72B | $1.74B | $1.36B | $1.36B | $1.24B | $1.27B | $1.28B | $1.33B | $1.35B | $1.37B | $1.36B | $1.38B | $373.34M | $305.43M | $103.34M | $91.88M |
| Long Term Investments | $217.78M | $257.73M | $240.32M | $240.43M | $236.45M | $36.14M | $49.23M | $52.98M | $63.73M | $64.66M | $68.68M | $10.60M | $10.21M | $9.01M | $18.70M | $17.74M | $20.42M | $6.19M | $652.00K | $412.00K |
| Tax Assets | $19.34M | $22.36M | $19.57M | $16.76M | $18.78M | $14.94M | $13.33M | $20.51M | $15.26M | $14.31M | $13.56M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $40.79M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $19.96M | $18.55M | $19.38M | $17.71M | $17.25M | $12.16M | $12.15M | $10.46M | $13.86M |
| Total Non-Current Assets | $2.07B | $2.11B | $2.09B | $2.16B | $2.27B | $2.09B | $1.71B | $1.73B | $1.61B | $1.60B | $1.63B | $1.59B | $1.59B | $1.59B | $1.58B | $1.58B | $562.18M | $457.01M | $151.98M | $143.51M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $3.50B | $3.49B | $3.68B | $3.43B | $3.72B | $3.87B | $3.83B | $3.76B | $3.30B | $3.34B | $3.59B | $2.71B | $2.74B | $2.34B | $2.23B | $2.16B | $1.44B | $1.44B | $1.35B | $1.37B |
| Account Payables | $829.66M | $640.55M | $310.96M | $664.47M | $707.72M | $648.64M | $806.41M | $638.34M | $614.19M | $556.15M | $277.83M | $459.04M | $450.06M | $381.92M | $180.27M | $334.83M | $237.86M | $199.61M | $96.18M | $187.05M |
| Short Term Debt | $41.61M | $36.26M | $342.00M | $29.03M | $15.85M | $11.20M | $-440.25M | $25.63M | $24.34M | $17.37M | $344.90M | $21.78M | $20.02M | $18.93M | $18.48M | $18.02M | $36.86M | $14.85M | $- | $- |
| Tax Payables | $6.50M | $6.23M | $6.08M | $7.36M | $20.86M | $23.24M | $5.19M | $6.84M | $4.04M | $9.87M | $3.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $6.50M | $6.23M | $50.41M | $7.36M | $20.86M | $23.24M | $5.19M | $6.84M | $4.04M | $9.87M | $30.96M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $84.99M | $90.81M | $478.44M | $167.67M | $131.55M | $136.09M | $56.88M | $70.59M | $62.03M | $35.54M | $440.74M | $61.66M | $58.47M | $64.30M | $269.24M | $968.00K | $- | $- | $97.98M | $- |
| Total Current Liabilities | $969.28M | $786.29M | $882.88M | $883.24M | $917.70M | $865.64M | $907.26M | $755.09M | $712.67M | $638.67M | $778.75M | $542.48M | $528.54M | $465.15M | $468.00M | $353.82M | $274.73M | $214.46M | $194.16M | $187.05M |
| Long Term Debt | $1.11B | $1.10B | $1.07B | $721.23M | $722.07M | $717.88M | $696.72M | $753.83M | $795.08M | $791.45M | $783.06M | $599.26M | $589.66M | $274.33M | $100.83M | $82.55M | $78.15M | $80.21M | $- | $- |
| Deferred Revenue Non-Current | $- | $192.38M | $178.25M | $169.26M | $184.85M | $187.76M | $180.91M | $188.85M | $182.19M | $158.33M | $165.28M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $98.06M | $127.35M | $136.19M | $145.04M | $151.09M | $156.03M | $161.35M | $168.90M | $176.52M | $182.46M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $811.00M | $795.12M | $816.47M | $924.57M | $959.69M | $1.24B | $1.95B | $2.35B | $2.64B | $2.99B | $3.71B | $916.28M | $523.01M | $330.51M | $101.43M | $89.38M | $45.12M | $56.74M | $- | $- |
| Total Non-Current Liabilities | $1.92B | $1.90B | $1.89B | $1.65B | $1.68B | $1.96B | $2.65B | $3.10B | $3.44B | $3.78B | $4.49B | $1.72B | $1.32B | $604.83M | $422.05M | $399.45M | $124.16M | $136.95M | $- | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.89B | $2.68B | $2.77B | $2.53B | $2.60B | $2.82B | $3.56B | $3.86B | $4.15B | $4.42B | $5.27B | $2.26B | $1.85B | $1.07B | $890.05M | $753.27M | $398.89M | $351.41M | $194.16M | $187.05M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $16.13M | $16.06M | $15.79M | $15.45M | $15.36M | $15.29M | $15.23M | $14.86M | $14.46M | $14.25M | $14.17M | $13.84M | $13.66M | $13.63M | $13.58M | $13.57M | $12.46M | $12.28M | $11.99M | $11.98M |
| Retained Earnings | $-1.46B | $-1.20B | $-688.84M | $-993.48M | $-757.91M | $-842.42M | $-1.20B | $-1.74B | $-2.55B | $-2.66B | $-3.23B | $-1.81B | $-1.31B | $-885.51M | $-826.13M | $-731.12M | $-664.65M | $-588.30M | $-483.36M | $-474.84M |
| Accumulated Other Comprehensive Income Loss | $998.13M | $146.94M | $-264.55M | $65.73M | $44.45M | $55.23M | $-365.85M | $21.50M | $477.37M | $454.87M | $440.48M | $1.19B | $1.15B | $1.11B | $1.10B | $1.19B | $867.19M | $838.34M | $827.49M | $822.49M |
| Other Total Stockholders Equity | $906.60M | $2.47B | $2.87B | $2.44B | $2.44B | $2.43B | $2.83B | $2.20B | $1.83B | $1.71B | $1.71B | $1.67B | $1.66B | $1.66B | $1.66B | $1.66B | $1.61B | $1.61B | $1.56B | $1.56B |
| Total Stockholders Equity | $460.57M | $648.56M | $748.21M | $739.38M | $953.58M | $870.69M | $88.61M | $-289.23M | $-1.01B | $-1.26B | $-1.84B | $284.25M | $731.30M | $1.11B | $1.17B | $1.35B | $1.04B | $1.09B | $1.13B | $1.13B |
| Total Equity | $606.17M | $803.75M | $905.62M | $901.34M | $1.12B | $1.05B | $270.62M | $-103.52M | $-846.69M | $-1.09B | $-1.68B | $447.95M | $887.64M | $1.27B | $1.34B | $1.41B | $1.04B | $1.09B | $1.13B | $1.13B |
| Total Liabilities and Stockholders Equity | $3.50B | $3.49B | $3.68B | $3.43B | $3.72B | $3.87B | $3.83B | $3.76B | $3.30B | $3.34B | $3.59B | $2.71B | $2.74B | $2.34B | $2.23B | $2.16B | $1.44B | $1.44B | $1.32B | $1.32B |
| Minority Interest | $145.60M | $155.19M | $157.41M | $161.96M | $162.86M | $177.90M | $182.01M | $185.71M | $160.37M | $173.86M | $168.56M | $163.70M | $156.34M | $152.60M | $170.23M | $62.13M | $245.00K | $- | $- | $- |
| Total Liabilities and Total Equity | $3.50B | $3.49B | $3.68B | $3.43B | $3.72B | $3.87B | $3.83B | $3.76B | $3.30B | $3.34B | $3.59B | $2.71B | $2.74B | $2.34B | $2.23B | $2.16B | $1.44B | $1.44B | $1.32B | $1.32B |
| Total Investments | $217.78M | $257.73M | $240.32M | $240.43M | $336.04M | $135.78M | $149.20M | $153.12M | $163.81M | $64.66M | $68.68M | $10.60M | $10.21M | $9.01M | $18.70M | $17.74M | $20.42M | $6.19M | $652.00K | $412.00K |
| Total Debt | $1.15B | $1.14B | $1.11B | $757.62M | $758.78M | $752.31M | $730.31M | $786.29M | $823.46M | $818.69M | $826.64M | $599.26M | $589.66M | $274.33M | $100.83M | $82.55M | $99.16M | $80.21M | $- | $- |
| Net Debt | $699.30M | $657.37M | $373.72M | $270.23M | $183.21M | $-185.66M | $-632.82M | $-563.40M | $-225.29M | $-428.89M | $-746.78M | $-157.45M | $-212.45M | $-147.69M | $-221.60M | $-235.82M | $-579.75M | $-714.45M | $-1.04B | $-1.04B |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $359.29M | $1.47B | $-3.33B | $-385.30M | $-155.57M |
| Depreciation and Amortization | $332.77M | $251.20M | $217.22M | $113.59M | $23.54M |
| Deferred Income Tax | $-53.27M | $73.33M | $-259.33M | $-97.24M | $28.68M |
| Stock Based Compensation | $244.86K | $196.17K | $291.63K | $178.23K | $53.82M |
| Change in Working Capital | $-338.43K | $-247.61M | $376.29M | $43.77M | $-25.06M |
| Accounts Receivables | $-105.98K | $-164.66M | $-15.83M | $-51.27M | $-72.15M |
| Inventory | $-85.61K | $-104.84M | $-16.47M | $-29.72M | $-10.35M |
| Accounts Payables | $-73.58M | $115.03M | $280.45M | $113.72M | $57.43M |
| Other Working Capital | $73.44M | $-93.14M | $128.14M | $11.05M | $-2.47M |
| Other Non Cash Items | $-1.19B | $-1.13B | $2.99B | $302.23M | $121.90M |
| Net Cash Provided by Operating Activities | $-554.38M | $-311.95M | $65.35M | $-120.16M | $-107.34M |
| Investments in Property Plant and Equipment | $-22.19K | $-196.56M | $-120.94M | $-112.50M | $-72.11M |
| Acquisitions Net | $-73.86K | $454.19M | $-12.02M | $-461.42M | $- |
| Purchases of Investments | $-210.00M | $-109.79M | $-2.87M | $-20.85M | $-288.00K |
| Sales Maturities of Investments | $101.48M | $301.80M | $105.80M | $543.99M | $- |
| Other Investing Activities | $108.27M | $-274.51K | $-93.79K | $-82.30K | $-42.40M |
| Net Cash Used for Investing Activities | $-344.34K | $147.84M | $-135.83M | $-594.76M | $-72.40M |
| Debt Repayment | $302.68K | $- | $1.24B | $-19.13M | $- |
| Common Stock Issued | $2.55M | $36.83M | $112.90M | $8.65M | $859.53M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $283.38M | $-80.39M | $-39.57M | $8.65M | $859.53M |
| Net Cash Used Provided by Financing Activities | $283.68M | $-43.55M | $1.32B | $-10.47M | $859.53M |
| Effect of Forex Changes on Cash | $-4.96K | $-2.62K | $6.28K | $3.04K | $-19.00M |
| Net Change in Cash | $-628.91K | $-210.29M | $1.25B | $-722.36M | $660.78M |
| Cash at End of Period | $734.22K | $1.36B | $1.57B | $322.43M | $1.04B |
| Cash at Beginning of Period | $1.36M | $1.57B | $322.43M | $1.04B | $384.00M |
| Operating Cash Flow | $-536.60K | $-311.95M | $65.35M | $-120.16M | $-107.34M |
| Capital Expenditure | $-22.19K | $-196.56M | $-120.94M | $-112.50M | $-72.11M |
| Free Cash Flow | $-558.79K | $-508.51M | $-55.59M | $-232.66M | $-179.45M |
Cash Flow Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-271.87K | $-171.93M | $-171.34M | $-274.19M | $70.48M | $734.33M | $101.43M | $767.17M | $86.65M | $511.24M | $-2.28B | $-544.32M | $-439.64M | $-82.07M | $-116.91M | $-95.28M | $-95.43M | $-77.69M | $-9.91M | $-77.25M |
| Depreciation and Amortization | $90.22K | $87.44M | $85.97M | $84.75M | $80.56M | $81.50M | $69.68M | $64.81M | $62.72M | $53.99M | $60.13M | $54.01M | $51.76M | $51.32M | $20.31M | $35.10M | $14.32M | $14.11M | $-6.68M | $5.20M |
| Deferred Income Tax | $- | $-32.95M | $16.54M | $-64.41M | $-14.89M | $53.85M | $33.07M | $-8.64M | $4.57M | $58.32M | $-90.02M | $-96.89M | $-42.57M | $-29.85M | $29.89M | $-59.00M | $-36.23M | $-12.08M | $-22.77M | $5.99M |
| Stock Based Compensation | $71.12K | $49.31K | $22.74K | $84.28K | $58.07M | $35.41M | $35.35M | $46.13M | $60.17M | $40.52M | $121.12M | $81.84M | $61.91M | $26.76M | $42.24M | $31.76M | $45.71M | $38.71M | $-5.98M | $38.48M |
| Change in Working Capital | $-86.78K | $-112.34M | $34.34M | $-72.02M | $-31.23M | $-323.42M | $98.23M | $-64.38M | $-15.27M | $-261.22M | $302.44M | $52.21M | $-4.63M | $-5.17M | $-70.56M | $38.36M | $-10.57M | $-27.30M | $-7.50M | $-11.35M |
| Accounts Receivables | $9.36K | $-17.59M | $-13.18M | $-719.00K | $-41.48M | $-45.54M | $-21.97M | $-31.04M | $-34.96M | $-73.39M | $-14.11M | $26.02M | $-7.66M | $-20.53M | $-49.15M | $19.28M | $-10.03M | $-11.38M | $21.41M | $-31.81M |
| Inventory | $-88.00K | $1.23M | $-27.20M | $-13.19M | $2.58M | $-43.72M | $-41.44M | $-3.33M | $-32.30M | $-25.66M | $-17.93M | $-10.96M | $-11.69M | $23.62M | $-22.98M | $7.96M | $551.00K | $-15.26M | $7.33M | $-12.65M |
| Accounts Payables | $192.99M | $-89.09M | $101.60M | $-30.01M | $25.49M | $-167.15M | $185.50M | $-925.45K | $42.31M | $-114.17M | $246.76M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-193.00M | $-6.89M | $-26.88M | $-28.10M | $-17.82M | $-67.01M | $-23.86M | $-29.09M | $9.68M | $-48.01M | $87.72M | $37.15M | $14.71M | $-8.26M | $1.56M | $11.12M | $-1.09M | $-667.00K | $-36.25M | $33.12M |
| Other Non Cash Items | $245.19K | $315.28M | $127.63M | $375.16M | $-869.79K | $-411.50M | $-128.13M | $-673.73M | $-56.02M | $-269.09M | $2.00B | $323.87M | $374.34M | $-86.83M | $145.76M | $-54.29M | $18.45M | $-23.46M | $62.40M | $2.36M |
| Net Cash Provided by Operating Activities | $47.88K | $-161.88M | $-34.10M | $-99.72M | $-55.58M | $-338.50M | $123.93M | $-71.04M | $-72.30M | $-286.29M | $170.60M | $-32.39M | $43.74M | $-95.98M | $20.84M | $-44.34M | $-27.52M | $-75.63M | $32.33M | $-42.58M |
| Investments in Property Plant and Equipment | $-5.86K | $-46.99M | $-40.73M | $-42.83M | $-48.60M | $-30.54M | $-41.20M | $-86.58M | $-34.73M | $-30.11M | $-41.14M | $-7.63M | $-4.73M | $-4.38M | $-1.50M | $-7.93M | $-25.00M | $-5.08M | $-3.12M | $-6.75M |
| Acquisitions Net | $- | $-4.75M | $-1.44M | $-1.16M | $-22.25M | $-45.47M | $449.03M | $-3.94M | $- | $- | $-190.07K | $- | $- | $-12.02M | $-1.00K | $-256.07M | $-57.09M | $-148.52M | $- | $- |
| Purchases of Investments | $-575.59K | $- | $-4.54M | $4.42M | $-199.86M | $- | $1.30M | $985.56K | $-100.77M | $-9.11M | $-45.43K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $-1 | $- | $1.98M | $93.24M | $1.41M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $526.83K | $-15.18M | $-35.81K | $59.46K | $-247.42M | $-24.51M | $-35.98M | $-78.46M | $-127.17M | $-32.91M | $-28.79M | $-21.25M | $-19.70M | $-24.04M | $-15.77M | $-20.12M | $-26.72M | $-19.69M | $-11.19M | $-15.07M |
| Net Cash Used for Investing Activities | $-54.62K | $-66.92M | $-44.73M | $53.67M | $-269.30M | $-76.01M | $409.14M | $-89.53M | $-135.51M | $-39.22M | $-41.37M | $-28.88M | $-24.43M | $-40.44M | $-17.27M | $-284.12M | $-108.82M | $-173.29M | $-14.32M | $-21.83M |
| Debt Repayment | $-1.03M | $-12.04M | $320.53M | $-7.40M | $-8.54M | $-8.10M | $- | $-5.99M | $- | $-5.63M | $627.97M | $-4.77M | $387.39M | $246.54M | $-5.53M | $-6.92M | $-3.00M | $-3.68M | $- | $- |
| Common Stock Issued | $- | $- | $98.17K | $976.27K | $400.91K | $949.00K | $4.99M | $6.53M | $11.49M | $13.09M | $88.18M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $990.67K | $- | $-22.20M | $2.36M | $-14.51M | $-3.46M | $-517.70M | $468.31M | $-11.24M | $13.09M | $-70.79M | $19.84M | $-22.76M | $-10.57M | $-1.56M | $-23.30M | $27.01M | $918.00K | $1.00K | $777.26M |
| Net Cash Used Provided by Financing Activities | $-39.62K | $-12.04M | $298.43M | $-5.04M | $-11.71M | $-11.56M | $-512.71M | $462.33M | $251.15K | $7.46M | $709.08M | $15.07M | $364.64M | $235.97M | $-7.09M | $-29.40M | $24.01M | $-2.77M | $1.00K | $777.26M |
| Effect of Forex Changes on Cash | $14.26K | $-7.46K | $-1.66K | $-3.87K | $-338.00K | $908.00K | $-3.20M | $3.33M | $5.03M | $-7.79M | $9.30M | $802.00K | $-3.85M | $29.00K | $7.58M | $-2.67M | $-3.43M | $1.55M | $-16.74M | $-6.33M |
| Net Change in Cash | $-32.10K | $-248.30M | $246.83M | $-88.19M | $-362.40M | $-425.16M | $13.43M | $300.95M | $-198.83M | $-325.84M | $816.71M | $-45.40M | $380.10M | $99.58M | $4.05M | $-360.53M | $-115.75M | $-250.13M | $1.28M | $706.53M |
| Cash at End of Period | $453.82K | $485.92M | $734.22M | $487.39M | $575.57M | $937.97M | $1.36B | $1.35B | $1.05B | $1.25B | $1.57B | $756.71M | $802.11M | $422.01M | $322.43M | $318.38M | $678.91M | $794.66M | $1.04B | $1.04B |
| Cash at Beginning of Period | $485.92K | $734.22M | $487.39M | $575.57M | $937.97M | $1.36B | $1.35B | $1.05B | $1.25B | $1.57B | $756.71M | $802.11M | $422.01M | $322.43M | $318.38M | $678.91M | $794.66M | $1.04B | $1.04B | $336.98M |
| Operating Cash Flow | $47.88K | $-161.88M | $-34.10M | $-99.72M | $-55.58M | $-338.50M | $123.93M | $-71.04M | $-72.30M | $-286.29M | $170.60M | $-32.39M | $43.74M | $-95.98M | $20.84M | $-44.34M | $-27.52M | $-75.63M | $32.33M | $-42.58M |
| Capital Expenditure | $-5.86K | $-46.99M | $-40.73M | $-42.83M | $-48.60M | $-30.54M | $-41.20M | $-86.58M | $-34.73M | $-30.11M | $-41.14M | $-7.63M | $-4.73M | $-4.38M | $-1.50M | $-7.93M | $-25.00M | $-5.08M | $-3.12M | $-6.75M |
| Free Cash Flow | $42.03K | $-208.87M | $-74.84M | $-142.55M | $-104.18M | $-369.04M | $82.73M | $-157.62M | $-107.03M | $-316.40M | $129.46M | $-40.02M | $39.01M | $-100.35M | $19.34M | $-52.27M | $-52.52M | $-80.71M | $29.21M | $-49.33M |
Farfetch Dividends
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Global $Online Personal Luxury Goods Market to 2030 with YOOX NET-A-PORTER, Farfetch, Saks Fifth Avenue, Lyst, Grailed, MatchesFashion, Mytheresa, and SSENSE Leading
Dublin, Sept. 26, 2024 (GLOBE NEWSWIRE) -- The "Global Online Personal Luxury Goods Market: Market Size, Trends, Opportunities and Forecast By Product Type, Sales Channel, Price Range, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering. Global Online Personal Luxury Goods Market valued at USD 82.3 Billion in 2023. The Online Personal Luxury Goods Market has witnessed significant growth over recent years, driven by the increasing digitization of retail, changing consumer preferences, and the expanding reach of e-commerce platforms. Online luxury goods encompass a range of high-end products, including fashion, accessories, jewelry, watches, beauty products, and home decor, sold through digital Price Ranges. The market's expansion is primarily fueled by the growing affinity for online shopping, convenience, and the desire for exclusive, high-quality products. One of the primary drivers of the Online Personal Luxury Goods Market is the rise of digitalization in the retail sector. With the proliferation of smartphones and high-speed internet, consumers have greater access to online shopping platforms. Luxury brands have increasingly embraced e-commerce to reach a broader audience and enhance customer engagement. The integration of advanced technologies, such as augmented reality (AR) and virtual reality (VR), has further enriched the online shopping experience, allowing customers to virtually try on products and make informed purchasing decisions. Changing consumer preferences, particularly among younger generations, have also played a crucial role in the growth of the Online Personal Luxury Goods Market. Millennials and Gen Z consumers, who are digitally savvy and value convenience, are more inclined to shop online. These demographics are not only seeking luxury products but also unique and personalized shopping experiences. Online platforms provide the perfect avenue for brands to offer tailored recommendations, exclusive collections, and seamless purchasing processes, catering to the evolving preferences of these consumers. The impact of the COVID-19 pandemic has accelerated the shift towards online shopping, significantly boosting the Online Personal Luxury Goods Market. With physical stores temporarily closed or operating under restrictions, luxury brands had to pivot to digital Price Ranges to maintain sales and customer engagement. This transition has highlighted the importance of a robust online presence and the need for luxury brands to innovate their digital strategies. Post-pandemic, the trend of online luxury shopping is expected to persist, given the convenience and extensive product variety available online. Sustainability and ethical considerations have emerged as key trends influencing the Online Personal Luxury Goods Market. Consumers are increasingly conscious of the environmental and social impact of their purchases. Luxury brands are responding by adopting sustainable practices, such as using eco-friendly materials, ensuring fair labor practices, and promoting transparency in their supply chains. Online platforms offer an effective medium to communicate these values and initiatives, enhancing brand reputation and attracting environmentally conscious consumers. Technological advancements have significantly impacted the Online Personal Luxury Goods Market, leading to enhanced customer experiences and operational efficiencies. The use of artificial intelligence (AI) and machine learning (ML) enables personalized recommendations, predictive analytics, and targeted marketing, improving customer satisfaction and driving sales. Additionally, blockchain technology is being explored to ensure the authenticity of luxury products, addressing concerns related to counterfeiting and fraud. These technological innovations are crucial in building trust and loyalty among online luxury shoppers. The rise of social media and influencer marketing has also contributed to the growth of the Online Personal Luxury Goods Market. Platforms like Instagram, YouTube, and TikTok provide luxury brands with direct access to a vast and engaged audience. Influencers and brand ambassadors play a significant role in shaping consumer perceptions and driving purchase decisions. The integration of social commerce features, such as shoppable posts and live-stream shopping events, further enhances the ability of luxury brands to connect with potential customers and boost online sales. Segment Insights By Product type, the fashion and accessories segment holds the largest market share, accounting for approximately 45.8% of the global Online Personal Luxury Goods Market in 2023. This segment's dominance is driven by the high demand for designer clothing, handbags, shoes, and other fashion accessories, which are increasingly being purchased online for their convenience and variety. Geographical Insights Americas represents the largest market for Online Luxury Goods in value terms, driven by high internet penetration, advanced e-commerce infrastructure, and strong consumer spending on luxury products. The presence of major luxury brands and a tech-savvy population further supports market growth in this region. However, the Asia Pacific region is expected to witness the highest growth rate due to the increasing adoption of digital technologies, rising disposable incomes, and a growing affinity for luxury products among middle-class consumers. Europe also plays a significant role in the Online Personal Luxury Goods Market, with countries like France, Italy, and the UK being prominent luxury hubs. The region's rich heritage in luxury fashion, combined with a well-established online retail ecosystem, contributes to the strong demand for online luxury shopping.
Coupang's Leap: Rocket Delivery And Farfetch Deal Fuel E-Commerce Surge
Coupang is an e-commerce company with strong growth in active customers and revenue, primarily operating in South Korea. The company offers a diverse product portfolio, including Rocket Delivery, Quick Commerce, Rocket Fresh, Coupang Eats, Coupang Play, and Coupang Pay. Coupang's acquisition of Farfetch is expected to drive revenue synergies and expand its presence in the luxury fashion industry.
Farfetch CEO and founder José Neves ousted amid leadership reshuffle
Farfetch Limited (NYSE:FTCH) CEO and founder José Neves has left the company following its acquisition by South Korean e-commerce giant Coupang in December. Other key executives have also exited the online retailer of luxury fashion including its chief financial officer, chief product officer, chief platform officer, chief marketing officer, and chief operations officer, with additional layoffs starting from Friday, according to an internal memo seen by media outlets.
Farfetch Rushes To Finalize Sale To Coupang
Farfetch just announced it has sold all of its business and assets through a pre-pack administration process effective January 30, 2024. The deal was done through a Coupang Inc. owned entity named Surpique, a Delaware limited partnership previously known as Athena Topco.
Coupang: Value When Farfetch Is Unlocked
Coupang's acquisition of Farfetch has faced criticism, with doubts about the suitability of Farfetch's luxury marketplace model. In an optimistic scenario, if Coupang can turn Farfetch profitable, the value of Farfetch could be $2.7 billion. My Coupang's revised market share projection is 35%, taking into account competition and the number of Korean households.
Coupang Will Soon Discover Farfetch's Luxury Marketplace Is A Loser
Farfetch Holdings, the online luxury marketplace and technology platform, reached the precipice of insolvency in the third quarter. A last-minute $500 million bridge loan from the $21 billion South Korea's Coupang gave the company a lifeline.
NYSE suspends shares of luxury retailer Farfetch amid liquidation warning
The New York Stock Exchange said it was suspending Farfetch Ltd. shares immediately, citing a Monday securities filing that mentioned the company's expectation that Class A and B stockholders won't recover any of their outstanding investments.
NYSE to Commence Delisting Proceedings Against Farfetch Limited (FTCH)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A ordinary shares of Farfetch Limited (the “Company”) — ticker symbol FTCH — from the NYSE. Trading in the Company's Class A ordinary shares will be suspended immediately. NYSE Regulation has determined that the Company's Class A ordinary shares are not suitable for listing pursuant to Section 802.01D of the.
Can Coupang's $500 Million Lifeline Save Farfetch From Falling out of Fashion?
After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation of its planned conference call, Farfetch has been acquired by South Korean eCommerce giant Coupang.
Farfetch shareholders will not recover any value from $500M rescue deal, analysts highlight
Farfetch Limited (NYSE:FTCH) shareholders will not recover any value from their stake in the company once its $500 million rescue deal with South Korean e-commerce group Coupang is finalized, analysts at UBS have highlighted. Per the online luxury retailer's statement on Monday, “Upon consummation of the sale, Farfetch Limited (NYSE:FTCH) expects that holders of its Class A and B ordinary shares and its convertible notes will not recover any of their outstanding investments in Farfetch.
FTCH DEADLINE TODAY: ROSEN, A LEADING LAW FIRM, Encourages Farfetch Limited Investors to Secure Counsel Before Important December 19 Deadline in Securities Class Action – FTCH
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Farfetch Limited (NYSE: FTCH) between March 9, 2023 and August 17, 2023, both dates inclusive (the “Class Period”), of the important December 19, 2023 lead plaintiff deadline. SO WHAT: If you purchased Farfetch Limited securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Farfetch Acquired by Korean eCommerce Giant Coupang
Struggling luxury retailer Farfetch has been purchased by Coupang, the South Korean eCommerce giant. The deal gives Coupang greater access to the personal luxury goods space, while offering Farfetch $500 million to remain in operation, the companies announced Monday (Dec. 18).
SHAREHOLDER ALERT: Levi & Korsinsky Notifies Farfetch Limited(FTCH) Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK , Dec. 19, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Farfetch Limited ("Farfetch" or the "Company") (NYSE: FTCH) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Farfetch investors who were adversely affected by alleged securities fraud between March 9, 2023 and August 17, 2023.
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses in their Investment in Farfetch Limited of Class Action Lawsuit and Upcoming Deadline - FTCH
NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Farfetch Limited ("Farfetch" or the "Company") (NYSE: FTCH) and certain officers. The class action, filed in the United States District Court for the District of Maryland, Southern Division, and docketed under 23-cv-02857, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Farfetch securities between March 9, 2023 and August 17, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Coupang just came to rescue Farfetch
Trading in Farfetch Ltd (NYSE: FTCH) has been halted on Monday after Coupang Inc (NYSE: CPNG) confirmed plans of buying its “business and assets”. Farfetch will get emergency funding The agreement includes $500 million in emergency funding that Farfetch will receive from Coupang to continue its operations.
Farfetch sold to South Koreans in eleventh hour rescue
Farfetch, the beleaguered UK-based but US-listed online luxury retailer has been sold to South Korean e-commerce group Coupang in an eleventh-hour rescue deal. Around US $500 million in emergency funding will be provided by Seoul-based Coupang, according to a statement Monday, helping London-HQ'd Farfetch avoid bankruptcy.
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Farfetch Limited (FTCH)
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming December 19, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Farfetch Limited (“Farfetch” or the “Company”) (NYSE: FTCH) securities between March 9, 2023 and August 17, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On August 17, 2023, Farfetch released its second quarter 2023.
Richemont, FARFETCH and Symphony Global terminate agreements
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 18 DECEMBER 2023 RICHEMONT, FARFETCH AND SYMPHONY GLOBAL TERMINATE AGREEMENTS As a result of the contemplated transaction announced by FARFETCH on 18 December 2023, the arrangements with FARFETCH underpinning the transactions announced in August 2022 cannot complete.
FTCH Investors Have Opportunity to Lead Farfetch Limited Securities Fraud Lawsuit
LOS ANGELES , Dec. 18, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Farfetch Limited ("Farfetch" or the "Company") (NYSE: FTCH). Class Period: March 9, 2023 – August 17, 2023 Lead Plaintiff Deadline: December 19, 2023 If you wish to serve as lead plaintiff of the Farfetch lawsuit, you can submit your contact information at www.glancylaw.com/cases/Farfetch-Limited-1/.
Coupang to Acquire the Business and Assets of Farfetch Holdings, Bringing the Future of Commerce to the $400B Global Personal Luxury Goods Segment
SEATTLE & SAN FRANCISCO & LONDON--(BUSINESS WIRE)--Coupang to Acquire the Business and Assets of Farfetch Holdings, Bringing the Future of Commerce to the $400B Global Personal Luxury Goods Segment.
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Farfetch Limited of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 19, 2023 - (NYSE: FTCH)
NEW YORK , Dec. 18, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Farfetch Limited. Shareholders who purchased shares of FTCH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.
FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Farfetch Limited with Losses of $500,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / December 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Farfetch Limited ("Farfetch" or "the Company") (NYSE:FTCH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 9, 2023 and August 17, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before December 19, 2023.
FTCH DEADLINE TUESDAY: ROSEN, A RANKED AND LEADING FIRM, Encourages Farfetch Limited Investors With Losses in Excess of $100K to Secure Counsel Before Important December 19 Deadline in Securities Class Action - FTCH
NEW YORK , Dec. 17, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Farfetch Limited (NYSE: FTCH) between March 9, 2023 and August 17, 2023, both dates inclusive (the "Class Period"), of the important December 19, 2023 lead plaintiff deadline. SO WHAT: If you purchased Farfetch Limited securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
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