Farfetch Tries to Reach a Little Further
The luxury clothing aggregator has hungry investors to please.
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José Neves’s online retail company, Farfetch, connects tiny,
ultrahigh-end clothing boutiques in 30 countries to shoppers around the
world.
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Farfetch indexes and promotes designs from tiny, tony shops.
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Farfetch handles shipping and returns for boutiques from Mumbai to Memphis to Madrid and takes an undisclosed cut from each sale.
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Online pioneers such as Gilt Groupe and Net-a-Porter specialize in
slick, Web-savvy presentation and quick delivery of more mainstream,
high-end items
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Farfetch says it’s moving $500 million in goods this year.
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