Farfetch Limited, through its subsidiary, Farfetch.com Limited, 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. In addition, the company operates two Browns retail stores in London; two Stadium Goods retail store in New York and Chicago; and ten New Guards Off-White stores in Rome, Miami, Milan, New York, London, Paris, and Las Vegas, as well as two Ambush stores in Tokyo, and two Off-White outlets in Bicester and Serraville. Further, 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.
IPO Year: 2018
Exchange: NYSE
Website: aboutfarfetch.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/30/2023 | Sell → Neutral | Citigroup | |
| 11/30/2023 | $5.50 | Buy → Neutral | BTIG Research |
| 10/25/2023 | $1.50 | Buy → Sell | Societe Generale |
| 8/29/2023 | $20.00 → $5.00 | Overweight → Equal-Weight | Morgan Stanley |
| 8/18/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/18/2023 | $15.00 → $6.00 | Overweight → Neutral | JP Morgan |
| 3/24/2023 | Mkt Perform | JMP Securities | |
| 9/26/2022 | $6.00 | Sell | Citigroup |
| 8/2/2022 | $11.00 → $9.00 | Outperform → Market Perform | Cowen |
| 7/22/2022 | $9.00 | Neutral | Piper Sandler |
Citigroup upgraded Farfetch from Sell to Neutral
BTIG Research downgraded Farfetch from Buy to Neutral and set a new price target of $5.50
Societe Generale downgraded Farfetch from Buy to Sell and set a new price target of $1.50
Morgan Stanley downgraded Farfetch from Overweight to Equal-Weight and set a new price target of $5.00 from $20.00 previously
KeyBanc Capital Markets downgraded Farfetch from Overweight to Sector Weight
JP Morgan downgraded Farfetch from Overweight to Neutral and set a new price target of $6.00 from $15.00 previously
JMP Securities initiated coverage of Farfetch with a rating of Mkt Perform
Citigroup initiated coverage of Farfetch with a rating of Sell and set a new price target of $6.00
Cowen downgraded Farfetch from Outperform to Market Perform and set a new price target of $9.00 from $11.00 previously
Piper Sandler initiated coverage of Farfetch with a rating of Neutral and set a new price target of $9.00
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Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Dec. 12, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Farfetch Limited ("Farfetch" or the "Company") (NYSE:FTCH) investors that a lawsuit filed on behalf of investors that purchased Farfetch securities between March 9, 2023 and August 17, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pur
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Farfetch Limited ("Farfetch" or the "Company") (NYSE:FTCH) investors that a lawsuit filed on behalf of investors that purchased Farfetch securities between March 9, 2023 and August 17, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, will not announce its third quarter 2023 financial results and will not hold its related conference call previously scheduled for Wednesday, November 29, 2023. The company expects to provide a market update in due course. The Company will not be providing any forecasts or guidance at this time, and any prior forecasts or guidance should no longer be relied upon. About Farfetch Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, announced that the company's third quarter 2023 financial results will be released before the U.S. market opens on Wednesday, November 29, 2023. Farfetch will host a conference call to discuss its results at 8:00 a.m. ET the same day. A live webcast of the event, along with the company's earnings press release, will be available on the Company's Investor Relations website at www.farfetchinvestors.com. A webcast replay and any related presentation materials will be available for at least 30 days following the event. About Farfetch Farfetch Limited is the leading global platform for the luxury f
Evan also named Chairperson of Audit and Risk Committee Nextdoor (NYSE:KIND), the neighborhood network, today announced that Dana Evan has joined its Board of Directors and Audit and Risk Committee, effective October 17, 2023. Evan will serve as an independent member of the Board and will assume the role of Chairperson of the Audit and Risk Committee effective November 7, 2023. Evan is a business leader with a distinguished career as an operating and finance executive, as well as an independent board member in the technology industry. She also served as a Venture Partner at Icon Ventures and brings over 15 years of experience serving on both private and public company boards. Evan cur
Digital Platform GMV and Digital Platform Services Revenue growth accelerate to 7% and 10% year-over-year Strong supply growth of over 40% year-over-year on the Farfetch Marketplace Record Active Consumers of 4.1 million, up 7% year-over-year Operating cost base reduced year-over-year, delivering operating cost leverage Progress on strategic initiatives underpins 2023 expectations for strong growth, Adjusted EBITDA profitability and positive Free Cash Flow Farfetch Limited (NYSE:FTCH) ("Farfetch" or the "Company"), the leading global platform for the luxury fashion industry, today reported financial results for the second quarter ended June 30, 2023. José Neves, Farfetch F
Tim Stone joins the company and will assume the CFO role effective September 1, 2023 Brings more than two decades of experience in senior financial and CFO roles from Amazon.com, Inc., and Ford Motor Company Farfetch Limited (NYSE:FTCH) ("Farfetch" or the "Company"), the leading global platform for the luxury fashion industry, today announces that Tim Stone has joined the Company and will become Chief Financial Officer effective September 1, 2023. Mr. Stone succeeds Elliot Jordan whose departure was announced in February. After a handover period, including the reporting of FARFETCH's second quarter 2023 results scheduled for August 17, 2023, Mr. Jordan will leave the Company on Augus
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, announced that the company's second quarter 2023 financial results will be released after the U.S. market close on Thursday, August 17, 2023. Farfetch will host a conference call to discuss its results at 4:30 p.m. ET the same day. A live webcast the event, along with the company's earnings press release, will be available on the Company's Investor Relations website at www.farfetchinvestors.com. Webcast replays and any related presentation materials will be available for at least 30 days following each event. About Farfetch Farfetch Limited is the leading global platform for the luxury fashion
Cristiano Fagnani named CEO of Off-White; remains responsible for the Reebok Business as CEO of NGG++ Stephanie Phair appointed Chair of New Guards Group (NGG); retains her role as Group President, FARFETCH NGG co-founders Davide De Giglio and Andrea Grilli step down from their roles nearly four years after FARFETCH's acquisition of NGG FARFETCH, the leading global platform for the luxury fashion industry, today announced that Cristiano Fagnani has been named CEO of Off-White and also remains responsible for NGG's Reebok business as CEO of NGG++. Stephanie Phair has been appointed Chair of NGG. The company also announced that NGG CEO, Davide De Giglio, along with his co-founder,
Q1 2023 Revenue increases 8% year-over-year (or increases 12% year-over-year at constant currency) to $556.4 million Q1 2023 Gross Merchandise Value ("GMV") increases 0.1% year-over-year (or increases 4% year-over-year at constant currency) to $931.7 million Q1 2023 Digital Platform GMV decreases 1% year-over-year (or increases 2% year-over-year at constant currency) to $799.7 million Q1 2023 Brand Platform GMV increases 10% year-over-year (or increases 15% year-over-year at constant currency) to $109.7 million Q1 2023 Gross Profit Margin of 43.2% (a decrease of 160 bps year-over-year) and Digital Platform Order Contribution Margin of 32.4% (a decrease of 30 bps year-over-year)
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Dec. 12, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Farfetch Limited ("Farfetch" or the "Company") (NYSE:FTCH) investors that a lawsuit filed on behalf of investors that purchased Farfetch securities between March 9, 2023 and August 17, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pur
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Farfetch Limited ("Farfetch" or the "Company") (NYSE:FTCH) investors that a lawsuit filed on behalf of investors that purchased Farfetch securities between March 9, 2023 and August 17, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, will not announce its third quarter 2023 financial results and will not hold its related conference call previously scheduled for Wednesday, November 29, 2023. The company expects to provide a market update in due course. The Company will not be providing any forecasts or guidance at this time, and any prior forecasts or guidance should no longer be relied upon. About Farfetch Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, announced that the company's third quarter 2023 financial results will be released before the U.S. market opens on Wednesday, November 29, 2023. Farfetch will host a conference call to discuss its results at 8:00 a.m. ET the same day. A live webcast of the event, along with the company's earnings press release, will be available on the Company's Investor Relations website at www.farfetchinvestors.com. A webcast replay and any related presentation materials will be available for at least 30 days following the event. About Farfetch Farfetch Limited is the leading global platform for the luxury f
Digital Platform GMV and Digital Platform Services Revenue growth accelerate to 7% and 10% year-over-year Strong supply growth of over 40% year-over-year on the Farfetch Marketplace Record Active Consumers of 4.1 million, up 7% year-over-year Operating cost base reduced year-over-year, delivering operating cost leverage Progress on strategic initiatives underpins 2023 expectations for strong growth, Adjusted EBITDA profitability and positive Free Cash Flow Farfetch Limited (NYSE:FTCH) ("Farfetch" or the "Company"), the leading global platform for the luxury fashion industry, today reported financial results for the second quarter ended June 30, 2023. José Neves, Farfetch F
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, announced that the company's second quarter 2023 financial results will be released after the U.S. market close on Thursday, August 17, 2023. Farfetch will host a conference call to discuss its results at 4:30 p.m. ET the same day. A live webcast the event, along with the company's earnings press release, will be available on the Company's Investor Relations website at www.farfetchinvestors.com. Webcast replays and any related presentation materials will be available for at least 30 days following each event. About Farfetch Farfetch Limited is the leading global platform for the luxury fashion
Q1 2023 Revenue increases 8% year-over-year (or increases 12% year-over-year at constant currency) to $556.4 million Q1 2023 Gross Merchandise Value ("GMV") increases 0.1% year-over-year (or increases 4% year-over-year at constant currency) to $931.7 million Q1 2023 Digital Platform GMV decreases 1% year-over-year (or increases 2% year-over-year at constant currency) to $799.7 million Q1 2023 Brand Platform GMV increases 10% year-over-year (or increases 15% year-over-year at constant currency) to $109.7 million Q1 2023 Gross Profit Margin of 43.2% (a decrease of 160 bps year-over-year) and Digital Platform Order Contribution Margin of 32.4% (a decrease of 30 bps year-over-year)
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, announced that the company's first quarter 2023 financial results will be released after the U.S. market close on Thursday, May 18, 2023. Farfetch will host a conference call to discuss its results at 4:30 p.m. ET the same day. In addition, José Neves, Farfetch Founder, Chairman and CEO, will present at the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 23, 2023 at 3:15 p.m. ET. Live webcasts of each event, along with the company's earnings press release, will be available on the Company's Investor Relations website at www.farfetchinvestors.com. Webcast replay
Record Revenue in 2022 of $2.3 billion, up 3% year-over year (or up 12% year-over-year at constant currency) 2022 GMV decreases 4% year-over-year to $4.1 billion (or increases 2% year-over-year at constant currency) Q4 2022 Revenue decreases 5% year-over-year (or increases 2% year-over-year at constant currency) to $629 million Q4 2022 Gross Merchandise Value ("GMV") decreases 12% year-over-year (or decreases 5% year-over-year at constant currency) to $1.1 billion Q4 2022 Digital Platform GMV decreases 12% year-over-year (or decreases 6% year-over-year at constant currency) to $1.0 billion Q4 2022 Brand Platform GMV decreases 15% year-over-year (or decreases 3% year-over-year at
Farfetch Limited (NYSE:FTCH), the leading global platform for the luxury fashion industry, announced that the company's fourth quarter and full year 2022 financial results will be released after the U.S. market close on Thursday, February 23, 2023. Farfetch will host a conference call to discuss its results at 4:30 p.m. ET the same day. In addition, Elliot Jordan, CFO, will present at the following investor conferences: Morgan Stanley TMT Conference on Wednesday, March 8, 2023 at 10:25 a.m. PT (1:25 p.m. ET) Bank of America 2023 Consumer & Retail Conference on Tuesday, March 14, 2023 at 11:20 a.m. ET. A live webcast of these events, along with the company's earnings press release, w
Evan also named Chairperson of Audit and Risk Committee Nextdoor (NYSE:KIND), the neighborhood network, today announced that Dana Evan has joined its Board of Directors and Audit and Risk Committee, effective October 17, 2023. Evan will serve as an independent member of the Board and will assume the role of Chairperson of the Audit and Risk Committee effective November 7, 2023. Evan is a business leader with a distinguished career as an operating and finance executive, as well as an independent board member in the technology industry. She also served as a Venture Partner at Icon Ventures and brings over 15 years of experience serving on both private and public company boards. Evan cur
Tim Stone joins the company and will assume the CFO role effective September 1, 2023 Brings more than two decades of experience in senior financial and CFO roles from Amazon.com, Inc., and Ford Motor Company Farfetch Limited (NYSE:FTCH) ("Farfetch" or the "Company"), the leading global platform for the luxury fashion industry, today announces that Tim Stone has joined the Company and will become Chief Financial Officer effective September 1, 2023. Mr. Stone succeeds Elliot Jordan whose departure was announced in February. After a handover period, including the reporting of FARFETCH's second quarter 2023 results scheduled for August 17, 2023, Mr. Jordan will leave the Company on Augus
The new business line is expected to deliver significant revenue for FARFETCH in 2023 Reebok e-commerce sites in Europe have been replatformed by FARFETCH Platform Solutions; wholesale operations are live Reebok partnership is managed by New Guards Group, which has formed a new division NGG++ to operate the Reebok license and grow the sportswear and sneaker businesses New Guards Group appoints Cristiano Fagnani as CEO of NGG++ FARFETCH (FTCH), the leading global platform for the luxury fashion industry, has commercially launched its European partnership with Reebok. This follows the deal announced with Reebok owner, Authentic Brands Group (Authentic), in 2022. Following its ac