Farfetch

Farfetch operates an online marketplace that connects luxury fashion brands, boutique retailers, and consumers globally. The platform allows users to buy and sell high-end fashion items, catering to a clientele that values quality and exclusivity. Farfetch partners with various luxury brands and boutiques, providing them with a digital space to showcase their products. The company generates revenue primarily through commissions on sales made through its platform and offers additional services like digital marketing and logistics to its partners. Unlike many competitors, Farfetch has also expanded into the pre-owned luxury market through acquisitions, such as LUXCLUSIF, enhancing its offerings in the luxury fashion sector. The goal of Farfetch is to create a comprehensive digital marketplace that serves the needs of luxury fashion consumers and retailers worldwide.