Farfetch is a luxury ecommerce platform that was founded in 2008 by the Portuguese businessman José Neves. It started as an online distributor of the stock of small multibrand stores from around the world. The group is based in London and through its platform, sells stock of several luxury companies. Chinese ecommerce giant JD.com bought a stake in its capital in June 2017.
Farfetch had red numbers of 85.4 million dollars, compared to losses of 77.2 million dollars in the same period of 2018 but CEO states the company is in path to profitability.
Through the collaboration, customers of the platform will be able to obtain store credit to spend on Farfetch products.
