(AOF) – Eurazeo, through Eurazeo Croissance, announced the acquisition of a minority stake in the company Farfetch, online marketplace that sells luxury goods and beauty. Eurazeo Croissance brings $ 20 million in this new round of $ 110 million, which brings together international investors such as IDG and Temasek, around the historical shareholders of the company. This fundraiser will support Farfetch development projects, particularly the international growth and omnichannel.
The Asia Pacific region already accounts for 26% of the turnover of the company wishing to consolidate its position in this region of the world.
Founded in 2008 by José Neves, Farfetch is a platform offering brands and multibrand stores an online sales channel with customers in nearly 190 countries. The site, available in 9 languages, offers a catalog of more than 100 000 products and more than 1000 brands among the most advanced in the market, and brings together over 400 independent boutiques. Since March 2015, the platform is also open directly to 75 luxury brands.
Farfetch headquartered in London and also has offices in New York, Los Angeles, Porto, Guimarães, Moscow, Tokyo, Hong Kong, Shanghai and Sao Paulo. It has over 1000 employees and generated a turnover of more than $ 500 million in 2015. Its multi-channel model with the ability to shop and take or return articles in shop, depth catalog and its broad customer has enabled the company to grow rapidly since its launch, with growth of its business volume greater than 70% in 2015.
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