Farfetch (FTCH) is one of the largest e-commerce solutions for luxury goods, and it is growing rapidly thanks to its significant, technology-enabled platform that is not easy to replicate. Further, the company is well placed to benefit from the ongoing digital shift, which is accelerating because of the ongoing global pandemic. Despite near-term economic uncertainties, the asset-light business model remains intact and is quite valuable. This article reviews the business, the opportunity, profitability, valuation and risks. We conclude with our opinion on investing.
Overview:
Launched in 2008 by José Neves, Farfetch began its