Farfetch Launches on JD.com
12 June 2019 - 3:18AM
Business Wire
Farfetch Limited (NYSE: FTCH), the leading global technology
platform for the luxury fashion industry, has launched a flagship
store on JD.com (NASDAQ: JD), China’s largest retailer and a
strategic investor in Farfetch. This follows the acquisition of
Toplife by Farfetch China announced in February this year.
Farfetch now has a ‘Level 1’ entry point on the JD.com app,
providing JD.com’s more than 300 million customers with instant
access to more than 3,000 brands via Farfetch’s network of more
than 1,000 luxury brand and boutique partners. The partnership
builds on the existing successful relationship between Farfetch and
JD.com, started in July 2017. Over the course of the past two
years, Farfetch has successfully leveraged JD.com’s logistics
capabilities in China, as well as JD.com’s insights into the
behaviors of China’s luxury consumers.
Judy Liu, Farfetch’s China MD, said: “I am delighted to
be able to offer JD.com’s customers direct access to the broadest
selection of luxury fashion online, and to be able to offer luxury
brands the Premier Luxury Gateway to China for executing on their
digital strategy in China. We have been able to do this, in
significant part, thanks to the enthusiasm and support from our
brand partners. Brands crave ever-better access to the Chinese
market, and we are thrilled to deliver this for them.”
This is an important expansion of our strategic partnership with
JD.com, which strengthens Farfetch’s China business as part of our
truly global offering. Being able to offer the full suite of
Farfetch’s technology and logistics platform to brands wanting to
reach high-end Chinese consumers is a major competitive advantage
as we seek to continue to grow market share in the rapidly
expanding online luxury market.”
--- ENDS ---
Notes to editors
1. Farfetch Limited is the leading global technology 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 around the world. Today
the Farfetch.com Marketplace connects customers in over 190
countries with items from more than 50 countries and over 1,000 of
the world’s best brands, boutiques and department stores,
delivering a truly unique shopping experience and access to the
most extensive selection of luxury on a single platform. Through
its business units, which also include Store of The Future,
Farfetch Black & White Solutions, Browns, and Stadium Goods,
Farfetch continues to invest in innovation and develop key
technologies, business solutions, and services for the luxury
fashion industry. For more information, please visit
www.farfetch.com.
2. Luxury is an integral component of JD Fashion. As a key
player in China’s luxury market, JD has been working directly with
luxury brands to offer an end-to-end luxury shopping experience,
from customer service to logistics, with luxury warehousing and
‘white glove’ delivery via JD Luxury Express.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190611005873/en/
Susannah Clark & Brunswick
Groupfarfetch@brunswickgroup.comUS: +1 (212) 333 3810UK: +44 (0)
207 404 5959
Farfetch (NYSE:FTCH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Farfetch (NYSE:FTCH)
Historical Stock Chart
From Jul 2023 to Jul 2024