Farfetch Portugal: Innovative Companies
Farfetch is a platform that stands between luxury brands and their customers. With - luxury - technology made in Portugal.
Created by the Portuguese José Neves, the Farfetch is a luxury goods platform. It currently has partnerships with more than 700 boutiques and luxury brands from all over the world.
Farfetch stands out for its innovation. As with all the world's most successful companies, innovation is a way of "revolutionizing the luxury fashion industry. This company is valued at more than a billion dollars, and is dedicated to trading online of luxury fashion items.
Farfetch's revenues grew by 74% in 2016 and last year, the company's shares appreciated by around 148%.
Farfetch recently attracted the interest of an international fashion giant: Channel. Chanel has invested in José Neves' company through a partnership.
Speaking to Reuters, Chanel's president of fashion revealed that the aim of this partnership will be to enrich the relationship with the customers of both brands.
Burberry also recently announced that it has entered into a partnership with José Neves' company, which reveals a strategy that proposes solutions to customers that involve greater digitalization of stores - in the face of the digital transformation that is notable in all sectors.