UK-based fashion platform Farfetch`s Q1 FY21 sales grow 46% to $485 mn

Fashion

UK-based fashion platform Farfetch`s Q1 FY21 sales grow 46% to $485 mn

15 May `21

Farfetch Limited, a UK-based leading global platform for luxury fashion industry, recorded 46.4 per cent revenue growth to $485.0 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of $331.4 million in the corresponding period previous fiscal. Operating loss for Q1 FY21 was $118.4 million (Q1 FY20: $107.7 million).

 

Farfetch Limited, a UK-based leading global platform for luxury fashion industry, recorded 46.4 per cent revenue growth to $485.0 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of $331.4 million in the corresponding period previous fiscal. Operating loss for Q1 FY21 was $118.4 million (Q1 FY20: $107.7 million).#

“Farfetch is off to a tremendous start in 2021 with stronger than expected acceleration in the business in the first quarter and higher full-year growth expectations than initially anticipated. Our brand partnerships have never been stronger, and our customer and brand building initiatives are resonating well to drive awareness of our value proposition and retention of our valuable consumers,” Jose Neves, Farfetch founder, chairman and CEO said in a press release.

 

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