Sales Associate, Woodbury Commons
FarfetchSalary not specified
- Full Time
- Junior (1 to 2 years)
About Farfetch
Farfetch operates as a global online marketplace for luxury fashion, linking high-end brands and boutique retailers with consumers. The platform allows users to browse and purchase a wide range of luxury items, ensuring that both brands and retailers can reach a worldwide audience. Farfetch's business model is centered around facilitating these transactions, earning revenue primarily through commissions on sales made through its site. Additionally, it offers services like digital marketing and logistics to help its partners enhance their online presence. A distinguishing feature of Farfetch is its acquisition of LUXCLUSIF, a luxury resale platform, which enables it to cater to the growing demand for pre-owned luxury goods. The company's goal is to provide a seamless shopping experience for luxury fashion enthusiasts while supporting brands and retailers in expanding their reach.
London, United KingdomHeadquarters
2007Year Founded
$682.9MTotal Funding
IPOCompany Stage
Consumer Software, Consumer GoodsIndustries
1,001-5,000Employees
Benefits
Health Insurance
Flexible Work Hours
Employee Pension Scheme
Risks
Increased competition from Mytheresa could impact Farfetch's market share.
Farfetch faces challenges in maintaining its presence in the Chinese market.
The sale to Coupang indicates potential financial instability for Farfetch.
Differentiation
Farfetch connects luxury brands and consumers through a unique online marketplace.
The platform offers modular, API-enabled technology for luxury fashion brands.
Farfetch provides commerce solutions, enhancing brands' online presence and sales.
Upsides
Virtual try-on technology is gaining popularity in luxury fashion.
Farfetch can capitalize on Yoox Net-A-Porter's exit from China.
Exclusive partnerships, like with Officina Bernardi, enhance Farfetch's offerings.
Funding
Total raised$682.88 M
Latest valuation$5.80 B
StageIPO
ACQUISITION
11/30/2023$500
POST IPO EQUITY
10/31/2020$1.1 K
POST IPO DEBT
1/31/2020$250
IPO
8/31/2018$885
$5.80 BLATE VC
5/31/2017$397
$1.99 BSERIES F
4/30/2016$110
$1.50 BSERIES E
1/31/2015$86
$391.50 MANGEL
9/30/2014N/A
$2.00 MSERIES D
4/30/2014$66
$330.00 MSERIES C
2/28/2013$20
$100.00 MSERIES B
12/31/2011$18
$90.00 MSERIES A
6/30/2010$4
$22.50 M