Coupang logo, sign on company headquarters in Silicon Valley. Coupang is a South Korean e-commerce ... [+] company - Mountain View, California, USA - 2021 getty Coupang just released second quarter earnings, and it was a mixed bag. Net revenues rose 25% year-over-year on a reported basis to $7.3 billion. Excluding online luxury fashion marketplace Farfetch, which it acquired at the end of January, revenues were up 18%. However, it reported a net loss of $105 million, attributed to operating losses at Farfet ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

LONDON, ENGLAND - FEBRUARY 06: Will.i.am and Farfetch CEO Jose Neves in conversation, hosted by the ... [+] British Fashion Council Fashion Trust at Sotheby's on February 6, 2017 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images)2017 David M. BenettIt’s been a bad week for Farfetch FTCH , the luxury e-commerce marketplace, and by extension, South Korea-based Coupang, its new owner as of December 30.It started with the holders of Farfetch convertible bonds, organized as the 2027 Ad Hoc G ...

Matchesfashion has officially changed hands.  Frasers Group, the British retail conglomerate, has acquired the luxury multibrand retailer for £52 million ($65 million) from private equity firm Apax Partners. Apax had purchased Matches in 2017 from its founders, Tom and Ruth Chapman, in a deal valued at $1 billion. This transaction unfolds amid the dramatic twists and turns of the online luxury retail arena. Just this week, Farfetch, a competitor of Matches, narrowly avoided bankruptcy with a rescue by South ...

Exhibit 4.1 CREDIT AGREEMENT Dated as of OCTOBER 20, 2022 among FARFETCH HOLDINGS PLC, as Parent, JPMORGAN CHASE BANK, N.A. as Administrative Agent WILMINGTON TRUST, NATIONAL ASSOCIATION as Collateral Agent, The Lenders Party Hereto, and J.P. MORGAN SECURITIES LLC, as Sole Physical Bookrunner TABLE OF CONTENTS ARTICLE I. Definitions and Accounting Terms 1 FARFETCH US HOLDINGS, INC., as Borrower, | Section 1.01 | Defined Terms | 1 | | --- | --- | --- | | Section 1.02 | Other Interpretive Provisions | 93 | | ...

Farfetch Limited (NYSE:FTCH) Q1 2023 Earnings Conference Call May 18, 2023 4:30 PM ET Alice Ryder - VP, Investor Relations Elliot Jordan - Chief Financial Officer Doug Anmuth - JPMorgan Geoff De Mendez - Bank of America Merrill Lynch Nick Jones - JMP securities Good afternoon, and welcome to Farfetch Q1 2023 Results Conference Call. My name is Leila and I will be your conference operator today. [Operator Instructions]. Thank you. I'd now like to turn the call over to Alice Ryder, VP of Investor Relations. M ...

Revenue and Growth - Revenue increased from $2,256.6 million for the fiscal year ended December 31, 2021, to $2,316.7 million for the fiscal year ended December 31, 2022, indicating a growth rate decline[73]. - For the year ended December 31, 2022, the reported Group revenue growth was 2.7% year-over-year, while on a constant currency basis, it would have been 11.9% year-over-year[99]. - The company experienced after-tax losses of $3,315.6 million and $393.5 million in the years ended December 31, 2020, and 2019, respectively[76]. - The top 1% of consumers accounted for 27.6% of the Marketplace GMV for the year ended December 31, 2022, indicating significant consumer concentration risk[172]. - The company has incurred an impairment charge of $136.7 million, primarily related to intangible assets and goodwill[184]. Market and Consumer Trends - Average Order Value decreased by 6.3% for the year ended December 31, 2022, compared to the previous year[81]. - The online market for luxury products is less developed compared to other goods, which may hinder growth if consumer preferences do not shift towards online shopping[70]. - The luxury fashion industry is subject to volatility, with consumer demand shifting towards lower price point categories[81]. - Fluctuations in consumer buying patterns, particularly among the top consumers, could materially impact revenue and financial condition[172]. - The ability to attract and retain consumers is critical for maintaining sales, with potential impacts from changes in consumer behavior and marketing effectiveness[87]. Operational Challenges - The company may face challenges in maintaining profitability if revenue growth does not exceed operational costs[75]. - The company faces risks related to supply chain disruptions, which could adversely affect access to products and overall operations[86]. - Increased shipping costs and logistical difficulties could adversely impact the company's financial condition and customer satisfaction[138]. - The company relies on third-party providers for fulfillment, which may face disruptions affecting customer experience and operational results[134][135]. - The company has experienced production delays and customs clearance issues due to Brexit, which may continue to impact operations and results[234]. Regulatory and Compliance Risks - The company is subject to governmental regulations related to privacy and data protection, which could impact its operations if not complied with[117]. - The company is subject to the EU GDPR and UK GDPR, with potential fines for noncompliance reaching up to €20 million or 4% of global annual turnover[118]. - The California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA) may require significant modifications to data collection practices and incur substantial compliance costs[122][123]. - The company faces significant competition in the global retail industry, particularly from larger competitors with greater financial resources[112]. - The company may face increased scrutiny from regulatory authorities regarding e-commerce practices, which could lead to costly legal challenges[171]. Financial and Tax Considerations - The company is exposed to foreign exchange translation risk, which is currently not fully hedged, potentially impacting its financial results[99]. - Tax authorities in various jurisdictions may challenge the company's methodologies for valuing developed technology or intercompany arrangements, potentially increasing its effective tax rate[202]. - The company operates in multiple tax jurisdictions, leading to potential double taxation risks if tax authorities disagree on income allocation[204]. - Changes in tax legislation, such as the U.S. Inflation Reduction Act, could materially affect the company's consolidated effective income tax rate[207]. - The ongoing complexities of online marketplace tax rules may lead to increased tax liabilities and compliance costs, adversely affecting business operations[222]. Technology and Security Risks - The company’s software is complex and may contain undetected errors, which could negatively impact operations and reputation[90]. - Security breaches or failures to protect consumer data could result in significant legal and financial exposure, damaging the company's reputation[94]. - The company relies heavily on third-party marketing providers, which may increase costs due to competition and changes in advertising practices, potentially harming its ability to attract consumers cost-effectively[140]. - The company faces risks related to the security of consumer payment information, which could lead to lawsuits and increased transaction fees if breaches occur[144]. - The company is conducting a security assessment for cross-border data transfers due to processing personal information of over 1 million individuals in the PRC[129]. Strategic Initiatives and Partnerships - The company launched several cost rationalization initiatives in 2022 aimed at optimizing its fixed cost base and reallocating headcount[109]. - The company has strategic partnerships with Alibaba and Richemont, with a combined investment of $500 million in Farfetch China, providing access to the Chinese market[179]. - The company plans to acquire the remaining shareholding in Farfetch International Limited from the Chalhoub Group, which may impact future operations[179]. - The company enabled cryptocurrency transactions in 2022 as part of its innovation strategy, although market acceptance remains uncertain[193]. - The company’s ability to monetize new technologies and initiatives is critical for growth, but faces various operational and market challenges[186]. Intellectual Property and Brand Management - The company faces risks from third-party intellectual property claims, which could result in costly litigation and impact business operations[245]. - The company has several granted patents and pending applications in the UK, Europe, and the US, but there is no guarantee these will adequately protect proprietary technology[253]. - The company must navigate complex regulations regarding open source software, which could expose it to security risks and litigation[249]. - The company has experienced issues with trademark squatters in markets like China, potentially diluting brand identity and leading to consumer confusion[252]. - The company’s reputation could be adversely affected by public perception of counterfeit goods on its marketplaces, regardless of the factual accuracy of such claims[242].

Alice Ryder - VP, IR Elliot Jordan - CFO Douglas Anmuth - JPMorgan Chase & Co. Kunal Madhukar - UBS Good afternoon, and welcome to Farfetch Q4 2022 Results Conference Call. My name is Leila and I will be your conference operator today. [Operator Instructions]. Before we begin, we would like to remind you that our discussions today will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and forward-looking statements made today s ...

Farfetch Limited (NYSE:FTCH) Q3 2022 Earnings Conference Call November 17, 2022 4:30 PM ET Company Participants Alice Ryder - Vice President, Investor Relations José Neves - Founder, Chairman & Chief Executive Officer Stephanie Phair - Group President Elliot Jordan - Chief Financial Officer Conference Call Participants Will Gardner - Wells Fargo Doug Anmuth - JPMorgan Lauren Schenk - Morgan Stanley Abhinav Sinha - Societe Generale Kunal Madhukar - UBS Louise Singlehurst - Goldman Sachs Stephen Ju - Credit S ...

THIRD QUARTER 2022 November 17, 2022 RESULTS IMPORTANT NOTICE This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in t ...