The company is already attempting to gain access to items from Loewe, Givenchy, and The Row brands...
Farfetch intends to purchase items from luxury brands owned by the Kering conglomerate (Gucci, Bottega Veneta, Alexander McQueen, Balenciaga, Saint Laurent, and others) through intermediaries. According to documents, the company is already trying to gain access to items from Loewe, Givenchy, and The Row through intermediaries, guaranteeing anonymity to both conglomerates and buyers.
Kering had previously terminated its contract with the Farfetch platform, which allowed brands to offer selected products on the online store market and to deliver customer orders directly from warehouses. Earlier this year, it was also revealed that Farfetch had acquired the South Korean giant Coupang.
Recall that the revenue of the Kering group fell by 4% in the fourth quarter of last year. At the same time, the company's CEO, François-Henri Pinault, noted that the conglomerate's revenues in the Asia-Pacific region and Japan exceeded expectations.
