Farfetch has seen its revenue soar ninety percent, amid a seismic shift to online shopping – reaping the benefits of being an online-only retailer, quarterly sales sky rocketing 90 per cent and a narrower-than-expected loss.
‘When I founded Farfetch 12 years ago, I never imagined that the global platform I was building for the luxury industry would be put to the test in such a devastating crisis, over the past few months, as we have responded to an ever-changing environment to serve the community of creators, curators, and consumers of this industry, our teams have stretched beyond perceived limits, and demonstrated the resilience of our business model.’
‘The investments we have made to build the global platform for the luxury fashion industry have been paying off, with features such as our global logistics capabilities, geo-diversified supply network, and localised services for a global consumer base, enabling the continuity of our operations and delivery of our strong first-quarter 2020 results.’ – José Neves – Farfetch Chief Executive
