Published
Feb 2, 2017
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Farfetch launches employee share scheme following strong 2016

Published
Feb 2, 2017

Farfetch Group has offered its 1,300-strong workforce share options in the business through its latest initiative, ‘Farfetch for All’.


Jose Neves, Founder and CEO of Farfetch - Farfetch


The group, which encompasses global subsidiaries, offices and the business units of Farfetch.com, Browns, Black & White, and Store of The Future, said employees from junior staff to executives will be included in the scheme, which aims to retain and reward teams across 11 offices globally.

“We are very proud of our achievements and want to reward our people who have helped to bring them to fruition. Our company culture and values have been built around the importance of working together and aspiring to a common vision. By launching ‘Farfetch For All’ we are reinforcing this message to our people and rewarding all who have participated in this journey so far; as well as hoping to attract new talent who embrace these values as we look to the future,” commented Farfetch CEO and founder José Neves.

The initiative will equate to an investment of 40 million dollars (based on the latest company valuation), which is the single largest investment the company has made to date.

The announcement follows a strong year for the fashion luxury company. According to a press release, Farfetch Group grew by 70% in 2016, based on the value of goods traded across the platform.

In the three months ending 31 December 2016, the core marketplace delivered significant underlying profitability and grew traded merchandise value by 75%, said the retailer.

For this year, Farfetch plans to continue investing in building a platform business that is API enabled to drive growth through innovation, third-party partnerships and access to new markets.

As part of this, the business is set to unveil in London in April the ‘Store of the Future’, a new strategy focused on redefining the omni-channel retail experience for the customer by leveraging the retail experience of its brand and boutique partners. 

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