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Tag: Farfetch

  • Farfetch to use Bambuser’s Live Video Shopping

    Farfetch to use Bambuser’s Live Video Shopping

    Bambuser has entered into a pilot agreement with Farfetch launching Live Video Shopping with the leading global platform for luxury fashion.

    The agreement gives Farfetch the right to use Live Video Shopping at a fixed cost of 35.000 GBP (approx 0.4 MSEK), with support for English, Japanese, Chinese and Arabic languages during the pilot phase, which lasts for six months. 

    Bambuser’s primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. 

  • Farfetch first quarter revenue increased by 90%, to $331 million

    Farfetch first quarter revenue increased by 90%, to $331 million

    Farfetch, a leading global platform for the luxury fashion industry, reported its financial results for the first quarter ended March 31, 2020.

    This are the main highlights:

    Q1 2020 Gross Merchandise Value up 46% year-over-year; Digital Platform GMV up 19% year-over-year (20% on constant currency basis).

    $107 million Brand Platform GMV in Q1 2020 on continued strength of New Guards brand portfolio;

    Q1 2020 Revenue increased 90% year-over-year to $331 million;

    Q1 2020 Loss After Tax remained relatively unchanged and Adjusted EBITDA improved, year-over-year; Adjusted EBITDA Margin improved to (7)%;

    Cash and cash equivalents of $422 million at quarter-end; $400 million Convertible Senior Notes issuance in April 2020 further strengthens liquidity position.

    How the digital platform performed

    The digital platform continued to offer consumers a selection of luxury fashion through partnerships with more than 1,200 sellers, including over 500 direct brand e-concessions.

    • Q1 in-season stock exceeded 300,000 SKUs from more than 3,400 brands;
    • Signed new e-concession with Balmain, among other luxury brands;
    • Maintained 100% three-year retention of top 100 direct brand and top 100 boutique partners.