New Guards news and archive

Farfetch Q1 revenues accelerate by 90 percent

Farfetch Limited, for its first quarter reported gross merchandise value (GMV) increase of 191.6 million dollars to 610.9 million dollars, growth of 45.7 percent. The company said in a statement that digital platform GMV increased by 80.2 million dollars to 494.9 million dollars, an increase of 19.3 percent. The company added that excluding the...

Business

Farfetch acquires Off-White with New Guards Group

Farfetch announced on Thursday that it has purchased 100 percent of New Guards Group, the Milan-based parent company of brands including Off-White, Palm Angels, Marcelo Burlon County of Milan, Unravel Project, Heron Preston, and more. The online retail platform has fully acquired the company, which is a brand platform for luxury labels’ design,...