Monday, November 11, 2019

Farfetch splashes out £556m to acquire Off White

Farfetch buys New Guards, owner of Virgil Abloh's streetwear brand Off-White, for $675m ($556m)

Farfetch has acquired New Guards Group, the company that operates Virgil Abloh’s luxury streetwear sensation Off White, for $675 million (£556 million). The deal means Farfetch now has a stable of directly-owned fashion fashion brands that it can launch on its online marketplace platform.

Farfetch buys New Guards, owner of Virgil Abloh's streetwear brand Off-White, for $675m ($556m)

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