Fashion > Luxury

Farfetch Debuts IPO With Market Cap of $5.8 Billion USD

4 monthes ago   |   By Hypebeast

Last month, luxury marketplace Farfetch took the necessary steps to file for an IPO on the New York Stock Exchange , debuting today at $27 USD per share. Trading under the acronym FTCH, the UK-based company enjoys an approximate market cap of $5.8 billion USD and saw strong activity on its first day of trading, soaring to a high of $30.58 USD per share - it currently sits at $28.20 USD at time of writing. Though initial reports noted that the company may miss its desired $5 billion USD valuation , the strong trading has situated Farfetch at an estimated valuation approaching $4.8 billion...
Read more ...

 

Farfetch Stock Soars Beyond $8 Billion Valuation

Farfetch Stock Soars Beyond $8 Billion Valuation

4 monthes ago   |   By WWD

Farfetch hit Wall Street with a bang today.
Shares of the luxury e-commerce platform shot up more than 42 percent to $28.45 in the issue's first few minutes of trading on the New York Stock Exchange.
The initial offering, at a higher-than-expected $20 a share, and the subsequent run-up in trading gave Farfetch a valuation of more than $8 billion.
Clearly, investors remain very interested in the intersection of luxury and e-commerce. The response also underscored the importance of platforms. Farfetch's marketplace caters to 2.3 million consumers and 980 sellers, making it a real player with...
Read more ...

 


Search by Tags

   Luxury      Fashion      Financial      Farfetch  


Lagerfeld's creations shone on the red carpet

Lagerfeld's creations shone on the red carpet

Late fashion icon Karl Lagerfeld earned himself a special place on the red carpet, designing clothes for a handpicked group of actresses and displaying his knack for melding... Read more ...

Burberry blasted for showing off hoodie with noose around the neck

Burberry blasted for showing off hoodie with noose around the neck

Burberry is facing mounting scrutiny for taking a fashion risk that even it admits went too far. The luxury fashion brand has apologized for sending a hoodie that featured a... Read more ...

Famous Fashion Designer Karl Lagerfeld Dies at 85

Famous Fashion Designer Karl Lagerfeld Dies at 85

RIP. Karl Lagerfeld, best known for being the creative director of world-renowned fashion brands Fendi and Chanel, has passed away at 85 years old in Paris. More details to come... Read more ...

THE NOW

THE NOW

Suzi Leenaars wears a silk blouse, leather bow and oversized trousers, all from Montana: The Reissue collection resurrected by Byronesque. Photography by Maxime... Read more ...

Karl Lagerfeld's 100 Greatest Chanel Runway MomentsIn

Karl Lagerfeld's 100 Greatest Chanel Runway MomentsIn

Karl Lagerfeld's 100 Greatest Chanel Runway Moments In honor of the late fashion designer's legendary career, a look back at some of his best moments for Chanel. Here Lagerfeld... Read more ...

Celebrities, Fashion World Mourn Karl Lagerfeld's Death During Fashion Week

Celebrities, Fashion World Mourn Karl Lagerfeld's Death During Fashion Week

The Chanel couturier, who died Tuesday, was 85. Read more ...

Supreme, Pharrell, Virgil Abloh & More React to Karl Lagerfeld's Death

Supreme, Pharrell, Virgil Abloh & More React to Karl Lagerfeld's Death

A few hours ago, the news of Karl Lagerfeld's death shook both the music and fashion worlds. The iconic designer, who passed at the age of 85, was a pillar of haute couture... Read more ...

Backstage buzz | new york fashion week aw19 pt. 2

Backstage buzz | new york fashion week aw19 pt. 2

The whirlwind that was NYFW is over, and while we prepare for what London Fashion Week has in store, let's take a look back at some of our favourite backstage moments from the... Read more ...

Digawel FW19 Unites Cowboys and Office Drones

Digawel FW19 Unites Cowboys and Office Drones

Ahead of the brand's Amazon Fashion Week Tokyo show, Digawel showcases its upcoming Fall/Winter 2019 range in a sharp lookbook. Like the quirky Spring/Summer 2019 range , the... Read more ...

Burberry Apologizes for Hoodie With Noose Design

Burberry Apologizes for Hoodie With Noose Design

Mere hours after debuting its Fall/Winter 2019 collection at London Fashion Week , Burberry has joined in on the firestorm of backlash being shelled out to a number of luxury... Read more ...