Thursday, February 2, 2017

Farfetch offers 37 million in shares to the 1,300 workers – Jornal de Negócios – Portugal

José Neves, founder and CEO of Farfetch, the platform of online purchases valued at more than billion dollars (927,5 million euros), presented this Wednesday, 1 February, the initiative “Farfetch for All” to its employees, which represents the largest investment made by the company up to the moment.

“Farfetch for All” is the name of the incentive plan that aims to divide the shares of the company by all of its 1.300 employees, who are spread across 11 offices in all the world, at an investment cost of us $ 40 million (37.1 million euros).

An initiative that “reflects the continued commitment on the part of Farfetch in investing in their people”, emphasizes the company, in a statement.

“we Have had a remarkable success. Farfetch has come to reshape the role of technology in the sector of luxury fashion. By doing this we have become one of the 200 private companies in the world to achieve a valuation of more than one billion dollars”, says José Neves.

“We are very proud of our achievements and we want to reward the employees who helped us get here. The culture and values of our company were constructed around the importance of working together and aspiring to a common vision. The launch of the ‘Farfetch for All’, we are reinforcing this message to all our employees and to reward all who participated in the walk, hoping to attract new talent who embrace these values as we look to the future”, underlines the CEO of Farfetch.

Farfetch ensures that the billing has increased by 70% in 2016, compared to the previous year, “taking into account the value of the products sold on its platform”, but does not signal the value of sales.

Of the rest, Farfetch said that it continues to invest in the construction of a business platform focused on the Application Programming Interface (API) which leads to growth through innovation, partnerships with other agencies and access to new markets.

“An example of this is the Store of the Future Store of the Future), especially focused on the redefinition of the retail experience omnicanal to the consumer, leveraging the experience of Farfetch and the boutiques partner”, it advances to the company, stating that will be revealed more details about this theme on the event FarfetchOS, in London, on the 12th of April.

Founded in 2008 by José Neves, the platform Farfetch has partnerships with over 400 of the best boutiques in the world and with the 100 brands” luxury articles of more than a thousand designers.

In May of last year, Farfetch closed a round of investment of series F in the amount of us $ 110 million, led by new investor Temasek, IDG Capital Partners and Eurazeo, having the investor Vitruvian Partners also participated in this round of funding.

a few months Ago that runs the news that Farfetch has held meetings with consultants with a view to an entry on the New York stock exchange at the end of 2017.

(News updated at 10:20)


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