Tag Archives: Farfetch

With The Vampire’s Wife shutting down and Roksanda sold in a pre-pack administration, Drapers explores the challenges facing independent British designer labels.

Luxury and premium fashion retailers were expected to remain resilient against economic headwinds after thriving during the pandemic. But 2024 has brought serious challenges for the sector – especially for those operating predominantly online.

Celenie Seigel, senior women’s fashion editor at Farfetch, tells Drapers about the etailer's new discoveries and favourite collections from the AW24 season.

Lynne Walker, director of Primark Cares, Primark, Alison Ward, chief executive of CottonConnect, Susan Fairley, head of sourcing, quality and sustainability at New Look and Tom Berry, independent adviser at Tom Berry Sustainability Consulting shared their strategies with Drapers Sustainable Fashion Conference 2024 in London on 13 March.

Coupang said it is confident that the acquisiton of Farfetch would be "a worthwhile investment for shareholders" in a conference call following its full-year financial results.

As Farfetch UK's redundancy consultations begin, Drapers analyses what the 25-30% decrease in headcount - coupled with a mass executive exodus - spell out for the business.

Luxury etailer Farfetch will lay off between 25% and 30% of its workforce as part of new owner Coupang's efforts to "streamline the business", according to a company memo seen by Drapers.

Farfetch founder José Neves has reportedly stepped down from the role of chief executive officer at the troubled luxury etailer.

Here's what you need to know from this weekend's news.

Troubled luxury fashion etailer Farfetch has named the former Deliveroo chief product officer Akshay Navle as director following December's rescue acquisition by South Korean ecommerce company Coupang.