Farfetch partners Clipper Logistics for luxury e-fulfilment venture

Farfetch is launching a joint venture with Clipper Logistics to create a global e-fulfilment solution for luxury brands.

Under the terms of the venture, Farfetch, a global platform for the luxury fashion industry will extend the scope of its ‘Fulfilment by Farfetch’ offering, which provides logistics and warehousing solutions to high-end fashion brands.

Using Clipper’s end-to-end online logistics and technical solutions and Farfetch's carrier and duty management systems, the joint venture will create a logistics offering for inventory from Farfetch’s group of companies including Browns and New Guards Group.

The Joint Venture, which is expected to launch in early 2022 subject to relevant regulatory approvals, will offer online fulfilment services in key luxury territories in Europe, Asia and North America with plans to further expand in the medium term.

Farfetch and Clipper will each own 50 per cent of the Joint Venture.

Steve Parkin, executive chairman of Clipper, said: "The luxury goods sector is going through a period of transformation and we’re delighted to extend our relationship with Farfetch to meet these new demands with a global e-fulfilment solution.

“The partnership of our market leading technology and expertise with Farfetch’s global brand and operating expertise will create a unique and fully integrated international offering for stock from Farfetch’s group of companies including Browns and New Guards Group, as well as stock from other luxury brands. As consumer behaviours evolve and a rising number of high-end purchases are made online, we are proud to help luxury brands accelerate growth in the online retail space.

Luis Teixeira, chief operations officer, at Farfetch said: “We believe there is a gap with respect to the very specific value added services required for high-end brands and boutiques, including being able to handle logistics consistently through one global offering, and provide solutions for high value goods, such as watches and fine jewellery. Our joint venture with Clipper will bridge this gap. It will also enable us to move stock closer to the customer through a global warehousing footprint.”

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