Richemont, which listed Net-a-Porter under "discontinued operations" in its most recent earnings report and has taken billions of euros in write-downs on the company, has said it is looking for a buyer and will not invest further cash. Richemont, Farfetch and MatchesFashion all declined to comment for this article. ...
Days later, MatchesFashion was put into administration (the British term for bankruptcy). Its owner, Frasers Group, which bought the company in December for about 52 million pounds, or $66 million, now said the operation was not commercially viable ...
For much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products, free returns and 90-minute delivery services at the swipe of a button ...
Poppy Sexton-Wainwright of the beach and loungewear line Asceno, stressed that she was less concerned about the "not insignificant" funds she was owed than the loss of earnings she had expected to make this year with MatchesFashion. Several brands said that they had shifted as much money as possible to their own direct-to-consumer websites ...
Some of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.. . MatchesFashion is bankrupt, Farfetch has been bailed out, and the future of Yoox Net-a-Porter ...
topOvernight, almost half of the staff was fired from a company that had been valued at $1 billion when it was sold to Apax Partners in 2017. Today, 200 brands are owed money and cannot access unsold inventory, and a furious customer base rages online about accessing orders or making returns
topMartin is owed money for a resort collection she shipped last fall, though she declined to disclose how much. Dozens of brands contacted by The New York Times for this article, many of whom had already shipped spring collections for 2024, were similarly mum
topPoppy Sexton-Wainwright of the beach and loungewear line Asceno, stressed that she was less concerned about the "not insignificant" funds she was owed than the loss of earnings she had expected to make this year with...
topFor much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products, free returns and 90-minute delivery services at the swipe of a button. Brick-and-mortar stores would surely crumble.
topDozens of brands contacted by The New York Times for this article, many of whom had already shipped spring collections for 2024, were similarly mum.
topSome of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.. . MatchesFashion is bankrupt, Farfetch has been bailed out, and the future of Yoox Net-a-Porter
top... of the beach and loungewear line Asceno, stressed that she was less concerned about the "not insignificant" funds she was owed than the loss of earnings she had expected to make this year with MatchesFashion. Several brands said that they had shifted as much money as possible to their own direct-to-consumer websites
topPoppy Sexton-Wainwright of the beach and loungewear line Asceno, stressed that she was less concerned about the "not insignificant" funds she was owed than the loss of earnings she had expected to make this year with MatchesFashion
topPoppy Sexton-Wainwright of the beach and loungewear line Asceno, stressed that she was less concerned about the "not insignificant" funds she was owed than the loss of earnings she had expected to make this year with MatchesFashion. Several brands said that they had shifted as much money as possible to their own direct-to-consumer websites
topOvernight, almost half of the staff was fired from a company that had been valued at $1 billion when it was sold to Apax Partners in 2017. Today, 200 brands are owed money and cannot access unsold inventory, and a furious customer base rages online about accessing orders or making returns.
topPoppy Sexton-Wainwright of the beach and loungewear line Asceno, stressed that she was less concerned about the "not insignificant" funds she was owed than the loss of earnings she had expected to make this year with MatchesFashion. Several brands said that they had shifted as much money as possible to their own direct-to-consumer websites
topSome of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.
topFor much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products, free returns and 90-minute delivery services at the swipe of a button
top... "discontinued operations" in its most recent earnings report and has taken billions of euros in write-downs on the company, has said it is looking for a buyer and will not invest further cash. Richemont, Farfetch and MatchesFashion all declined to comment for this article.. . For much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products,...
topRichemont, which listed Net-a-Porter under "discontinued operations" in its most recent earnings report and has taken billions of euros in write-downs on the company, has said it is looking for a buyer and will not invest further cash
topDays later, MatchesFashion was put into administration (the British term for bankruptcy). Its owner, Frasers Group, which bought the company in December for about 52 million pounds, or $66 million, now said the operation was not commercially viable
topRichemont, which listed Net-a-Porter under "discontinued operations" in its most recent earnings report and has taken billions of euros in write-downs on the company, has said it is looking for a buyer and will not invest further cash. Richemont, Farfetch and MatchesFashion all declined to comment for this article.
topRichemont, which listed Net-a-Porter under "discontinued operations" in its most recent earnings report and has taken billions of euros in write-downs on the company, has said it is looking for a buyer and will not invest further cash. Richemont, Farfetch and MatchesFashion all declined to comment for this article.
topToday, 200 brands are owed money and cannot access unsold inventory, and a furious customer base rages online about accessing orders or making returns.
top"The team made a selection, and we talked about a capsule collection for the summer," she said. "I don't think any of us had a sense of what would come next.".
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected revenues
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected...
topFor much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products, free returns and 90-minute delivery services at the swipe of a button.
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected revenues
topHas the Luxury E-Commerce Bubble Burst.. . Some of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.
topRichemont, Farfetch and MatchesFashion all declined to comment for this article.. . For much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products, free returns and 90-minute...
topHas the Luxury E-Commerce Bubble Burst.. . Some of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers
topSome of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.
topFor much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products, free returns and 90-minute delivery services at the swipe of a button.
topIn December, Farfetch, a onetime e-commerce powerhouse for independent boutiques and beloved by the luxury heavyweights whose websites it powered, staved off bankruptcy thanks to an 11th hour acquisition by the South Korean e-commerce group Coupang and a $500 million bridge loan
top... December, Farfetch, a onetime e-commerce powerhouse for independent boutiques and beloved by the luxury heavyweights whose websites it powered, staved off bankruptcy thanks to an 11th hour acquisition by the South Korean e-commerce group Coupang and a $500 million bridge loan.
topIn December, Farfetch, a onetime e-commerce powerhouse for independent boutiques and beloved by the luxury heavyweights whose websites it powered, staved off bankruptcy thanks to an 11th hour acquisition by the South Korean e-commerce group Coupang and a...
top... boutiques and beloved by the luxury heavyweights whose websites it powered, staved off bankruptcy thanks to an 11th hour acquisition by the South Korean e-commerce group Coupang and a $500 million bridge loan.
topSome of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.
topHas the Luxury E-Commerce Bubble Burst.. . Some of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.
top... e-commerce powerhouse for independent boutiques and beloved by the luxury heavyweights whose websites it powered, staved off bankruptcy thanks to an 11th hour acquisition by the South Korean e-commerce group Coupang and a $500 million bridge loan.
topThe future of Yoox Net-a-Porter also hangs in the balance after a failed deal between Richemont, its parent group, and Farfetch last year. Richemont, which listed Net-a-Porter under "discontinued operations" in its most recent earnings report and has taken billions of euros in write-downs...
topRichemont, Farfetch and MatchesFashion all declined to comment for this article.. . For much of the last decade, luxury e-commerce was heralded as the smart way to shop, offering hyped brands, exclusive products, free returns and 90-minute delivery services at the swipe of a button
topSome of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers
topSome of the biggest names in fashion e-commerce, including Farfetch and MatchesFashion, have imploded. What does that mean for fashion brands, investors and customers.
top. MatchesFashion is bankrupt, Farfetch has been bailed out, and the future of Yoox Net-a-Porter. . Rosh Mahtani, the founder of the jewelry brand Alighieri, is celebrating the 10th anniversary of her company this year
topThe future of Yoox Net-a-Porter also hangs in the balance after a failed deal between Richemont, its parent group, and Farfetch last year
topRichemont, which listed Net-a-Porter under "discontinued operations" in its most recent earnings report and has taken billions of euros in write-downs on the company, has said it is looking for a buyer and will not invest further cash.
top... December, Farfetch, a onetime e-commerce powerhouse for independent boutiques and beloved by the luxury heavyweights whose websites it powered, staved off bankruptcy thanks to an 11th hour acquisition by the South Korean e-commerce group Coupang and a $500 million bridge loan. (In 2021, Farfetch had a valuation of $40 billion.)
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected revenues
topThe implosion of MatchesFashion was the latest messy reckoning for companies that sell luxury goods online. Once the darlings of investors, many are in financial free fall.
top... to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected revenues.
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected revenues
topThe implosion of MatchesFashion was the latest messy reckoning for companies that sell luxury goods online. Once the darlings of investors, many are in financial free fall
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or...
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected revenues
topThis pushed heavyweight brands to seek more control over their e-commerce and distribution. As competition grew fiercer, the multibrand vendors sought to find a point of difference by spending more on well, more
topA Fashion Doom Scroll. Multibrand e-commerce emerged at a time when the global luxury market was being upended by a move away from exclusivity toward ubiquity.
topThis pushed heavyweight brands to seek more control over their e-commerce and distribution. As competition grew fiercer, the multibrand vendors sought to find a point of difference by spending more on well, more.
topDuring Paris Fashion Week last month, buyers came to her showroom to select stock for the upcoming season, including MatchesFashion, a leading multibrand fashion retailer that is responsible for about half a million pounds, or $630,000, of Alighieri's projected revenues
topThe implosion of MatchesFashion was the latest messy reckoning for companies that sell luxury goods online. Once the darlings of investors, many are in financial free fall. In December, Farfetch, a onetime e-commerce powerhouse for independent boutiques and beloved by the luxury heavyweights whose websites it powered, staved off bankruptcy...
topThey subsequently resorted to aggressive promotions and discounting. This pushed heavyweight brands to seek more control over their e-commerce and distribution. As competition grew fiercer, the multibrand vendors sought to find a point of difference by spending more on well, more