![]() ![]() Can you tell us more about FARFETCH’s Second Life programme and how this originated? Our 2020 Conscious Luxury Trends Report showed that more than half of our customers had bought or sold pre-owned in the last year. And finally, becoming an ‘inclusive’ leader, championing diversity and inclusion both within our workplace and in the fashion industry as a whole. Thirdly, becoming a more ‘circular’, low waste business by better matching supply and demand and growing business lines that help extend the life of clothes. Secondly, enabling ‘conscious’ choices by championing products and brands that are independently recognised or certified as being better environmentally, socially, or from an animal welfare perspective. ![]() Firstly, enabling ‘cleaner’, lower carbon, lower environmental impact operations for us and our partners. ![]() This breaks down to four key focus areas. That’s why we call our strategy Positively FARFETCH. For sustainability, we are focused on being a platform for good – enabling everyone we work with to think, act and choose positively. They're about to embark on a thrilling adventure.What is at the core of FARFETCH’s focus on sustainability as a business? FARFETCH is the platform for the luxury industry and as a platform we are inherently an enabler of others. With Farfetch's scale, reach, and recognition in the fashion industry, they believe that they now have the opportunity to be the global leader in resale technology. Guilherme Faria, Co-founder and Chief Operating Officer of Luxclusif, said that Farfetch and Luxclusif share a vision of a cleaner, conscious, circular, and inclusive fashion industry, and they are also aligned as tech enablers and industry leaders in their fields. According to Farfetch's Conscious Luxury Trends Report 2020, more than half of its consumers purchased or sold pre-owned items in the previous year, and industry projections indicate that the pre-owned market is growing three times faster than the main market. They will also be able to provide FARFETCH Platform Solutions brand partners white-label pre-owned propositions.Įnvironmental concerns and good public attitude are driving luxury players like Gucci, Burberry, and Valentino to adapt to expanding consumer demand, making the secondhand market a burgeoning area for the luxury business. Luxclusif will also continue to offer pre-owned items acquired from specialist suppliers and luxury consumers on Second Life and on comparable platforms for other luxury sector partners. After the deal is completed, the Luxclusif team will run Farfetch's Second Life platform service, integrating both existing and new partners. The luxury pre-owned sector is exploding, and it's becoming increasingly vital to both premium customers and the luxury fashion industry as a whole.įarfetch went on to say that it had "worked closely with the platform for a number of years," first through its start-up accelerator program and then through its resale service. They want to be the world's leading pre-owned luxury marketplace. Giorgio Belloli, Farfetch's Chief Commercial and Sustainability Officer, said that Luxclusif joining the Farfetch group allows them to expand the company's pre-owned offer for their customers, brand and retail partners, and other suppliers of pre-owned products. Luxclusif is a business-to-business service founded in 2013, that acquires, authenticates, and sells used luxury items to and from auctions, shops, e-commerce platforms, and stores all over the world. Luxclusif's technology platform and the team of employees will join Farfetch, enhancing its resale capabilities with important technical and service elements like automated pricing and faster geographic and category expansion of its resale business, Farfetch Second Life. British-Portuguese online luxury fashion retail platform, Farfetch is expanding its pre-owned proposition following the purchase of resale platform Luxclusif. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |