Jose Neves70th Annual Parsons Benefit, New York, USA - 21 May 2018

Farfetch has just made a new acquisition, picking up brand platform New Guards, which is the licensee of Off-White, for $675 million.

According to Farfetch, the acquisition augments Farfetch’s strategy to be the global technology platform for luxury fashion, empowering individuality, and connecting creators, curators and consumers.

José Neves, ceo and co-chair, Farfetch, said: “The addition of New Guards’ brand platform brings a creative and industrial dimension to our suite of capabilities which, combined with our community of more than 650 boutiques, enables us to power and promote both new and existing creative names in the luxury industry to build the brands of the future.”

 

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