Is Farfetch part of Net-A-Porter?
Farfetch, a London-based luxury e-commerce company, is in advanced talks to buy a minority stake in Yoox Net-a-Porter, Richemont said Friday. The goal is for the unit, known as YNAP, to be a neutral platform with no controlling shareholder.
As Yoox Net-a-Porter buys its stock wholesale, while Farfetch operates a marketplace model whereby it acts a shop front to inventory carried by other retailers and brands, it could lead to confusion for customers who have little understanding of the back-end operations of ecommerce sites.
YOOX NET-A-PORTER GROUP is a unique luxury retail ecosystem. The Group sells directly to customers globally through its own family of multi-brand online shops: NET-A-PORTER, MR PORTER, YOOX and THE OUTNET.
In 2008 José Neves launched FARFETCH, bringing together his interests in fashion and technology, as well as his experience in design, wholesale and retail, to create a business that would celebrate and support the diversity of the global fashion industry.
With more than 800 of the world's most coveted designer brands, including Gucci, Chloe, Balenciaga, Saint Laurent, Isabel Marant, Prada, and Stella McCartney, 200 specialist beauty brands, and new arrivals on site three times a week, NET‑A‑PORTER is the world's premier luxury fashion destination.
Net-a-Porter
Farfetch does not own the inventory from the brands appearing on its platform instead letting brands take on that risk. Under this model brands have more control over merchandising, pricing and the customer experience.
Farfetch is an online luxury fashion platform. It connects shoppers with more than 980 stores and brands through a single internet storefront that offers a seamless logistical experience for both shoppers and sellers.
An article last Sunday about Natalie Massenet, the founder of Net-a-Porter, an online luxury-goods retailer, referred incorrectly to the pronunciation of the name of a new magazine it will publish, Porter. It will have the American pronunciation (POR-turr), not the French (Por-TAY), which is used by the website.
Richemont only took over Yoox Net-a-Porter three years ago
But it marks a stark turnaround for Richemont, which only took over Yoox Net-a-Porter three years ago. The online group was formed in 2015 by a merger between Britain's Net-a-Porter and Italy's Yoox. It sells clothing and accessories through two internet shops.
Where does Farfetch get their clothes?
All items you see on FarFetch are in shops or storages of different boutiques or creators worldwide. When you purchase something from FarFetch, you're buying from one of their partners, whether it's a designer or a fashion boutique. The items get shipped to you directly from the store.
Are FARFETCH items guaranteed authentic? Our offering is expertly curated by the best luxury fashion brands and boutiques around the globe and all our items are guaranteed authentic.
What is FARFETCH Second Life? Our resale service allows you to clear space in your wardrobe and sell your second-hand designer handbags from the likes of Gucci, Louis Vuitton, Prada and many more, in exchange for some well-earned FARFETCH credit.
The luxury e-commerce leader reported a £10.5 million loss in the 15 months ending March 31, 2019, reflecting a tumultuous period following the company's takeover by Richemont.
Even in the face of the sceptics, Natalie knew she had enough support from colleagues and designers to proceed. She chose the name, NET-A-PORTER – a pun on prêt-à-porter, the French for 'ready to wear'. After flicking through a fashion dictionary for inspiration, she initially wanted to call it 'what's new puss*cat?'
Maintaining brand exclusivity: The flagship Net-A-Porter website and the other digital properties have been successful due to the high degree of exclusivity they offer to their customers by having on sale carefully selected, hand-picked items out of a bigger collection.
Online retailer Farfetch is expanding into the Australian market. Australia is one of the company's fastest growing regions, based on consumers and revenue, but Farfetch was not previously selling any items from Australian boutiques.
Net-A-Porter does not offer a price matching guarantee. They do, however, offer sales price adjustments for items that have gone on sale, as well as discounts and coupons. Typically, these price adjustments or price match guarantees are offered to foster confidence in the customer to purchase their goods.
Marchetti launched Yoox from Milan in 2000 as an online retailer selling out-of-season high-end fashion, and in 2015 it completed a merger with Net-a-Porter, the British-born luxury e-commerce site founded by Natalie Massenet, focusing on in-season stock.
Today the FARFETCH Marketplace connects customers in over 190 countries and territories with items from more than 50 countries and over 1,400 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 ...
Is FARFETCH a trusted site?
Farfetch has a consumer rating of 3.14 stars from 1,651 reviews indicating that most customers are generally satisfied with their purchases. Consumers satisfied with Farfetch most frequently mention fast delivery, shopping experience and perfect condition. Farfetch ranks 1st among Designer Clothes sites.
This is their two-sided online marketplace that connects consumers with multi-brand luxury boutiques and individual brands (think Gucci, Burberry, Marni, etc.). Both first-party (Farfetch-owned inventory) and third-party sales take place on Farfetch marketplace.
Farfetch is funded by 27 investors. Groupe Artémis and Alibaba Group are the most recent investors.
Similar to its marketplace commissions, Farfetch takes a percentage cut based on the sale price. This is believed to be equal to 8 percent.
It's down to our unique business model. At FARFETCH, you're shopping items from our luxury brands and partner boutiques worldwide. Prices are determined by each FARFETCH brand and partner boutique, so the price of the same item may vary depending on where it's coming from and your location.
Net-a-Porter Means 'Ready to Party'
A pioneer of innovation, NET‑A‑PORTER delivers the ultimate curation of product and content through its websites, shopping apps and the world of PORTER, speaking to a monthly audience of over 6 million via a global, multi-channel ecosystem and providing a seamless shopping experience across mobile, tablet and desktop.
Exchanges and Returns
You have 28 days from receiving your order to: Create your exchange or return here, or, if you are a registered user, by logging in your NET‑A‑PORTER account. Book your complimentary collection. Send your purchase back to us.
THE OUTNET is part of YOOX NET-A-PORTER.
Content is hugely important to Net-a-Porter, not least because it started out with the intention of being a shoppable digital magazine. It's a way for the brand to engage with its customers given it doesn't have permanent physical locations to invite them to.
Does LYST sell fake items?
Lyst is the definitive fashion shopping platform, used by millions of shoppers globally. As a search platform, we don't stock or commercialise items, but our website and app will help you find what you're looking for. Please be assured that all items on Lyst are authentic.
If you're placing your order from the locations below and it's above the following thresholds, we offer free delivery. Express delivery for most of Europe and the US: delivered within 2-4 days. Rest of the world: delivered within 3-7 days. Standard delivery for selected countries: delivered within 2-6 days.
- Designer Consignment Websites. ...
- Shop Off Season. ...
- Install the Honey Coupon Extension. ...
- Use ShopStyle “Favorites” Sale Alerts. ...
- Designer Consignment Shops. ...
- Poshmark.
Are FARFETCH items guaranteed authentic? Our offering is expertly curated by the best luxury fashion brands and boutiques around the globe and all our items are guaranteed authentic.
Farfetch is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. The company was founded in 2007 by the Portuguese entrepreneur José Neves with its headquarters in London and main branches in Lisbon and Porto.
We accept returns within 14 days, starting from the day your order was delivered. Returned items must comply with our returns policy: Items must be returned unworn, undamaged and unused, with all tags attached and the original packaging included.
Pre-Owned Designer Clothing & Accessories for Men.
Put your best foot forward with our pre-owned designer shoes. Straight from the iconic decades of the fashion archives, Every pre-loved pair has a story to tell, opening up your closet to style heritage and timeless design.
Farfetch is launching a resale platform which allows customers to give back their 'pre-loved' designer bags, in exchange for store credit on the site.
She chose the name, NET-A-PORTER – a pun on prêt-à-porter, the French for 'ready to wear'. After flicking through a fashion dictionary for inspiration, she initially wanted to call it 'what's new puss*cat?' but was dissuaded by friends who said it might attract the wrong sort of traffic.
Is Farfetch profitable?
Farfetch reported late Thursday a narrower-than-expected loss for the fourth quarter, and swung to a full-year profit, the company's “first full year of profitability,” Neves noted. Full-year profit totaled $1.47 billion after a loss of $3.32 billion the previous year.
Net-a-Porter sales are rare (they typically happen only twice a year), and shoppers from around the world curate their wish lists months in advance to score one of those seen-on-Instagram pieces at a seriously good discount.
