By and
with contributions from Fiona Ma
 on August 21, 2018

LONDON — All hail the platform: Farfetch said it foresees taking a large slice of the online luxury boom as it embarks on life as a public company — and eyes further acquisitions.

“The size of the opportunity is far larger than what Farfetch is today,” founder José Neves asserted Monday as the London-based firm filed its hotly anticipated registration statement for an initial public offering in New York. “I believe a single company will orchestrate this revolution in the conversion of off-line and online luxury retail because, even if multiple retail-tech vendors emerge, the new technology will have to be adopted both by retailers and consumers. We believe consumers will always gravitate to one single app, forcing vendors to gravitate to one single platform, most likely a platform that has already built consumer-side critical mass and benefits the entire ecosystem.”

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