// Farfetch Limited has acquired luxury beauty retailer, Violet Grey, for an undisclosed sum
// Upon completion, Violet Grey founder, Cassandra Grey, will become a global advisor for beauty on the Farfetch Marketplac
The online luxury fashion marketplace Farfetch is set to acquire beauty retailer Violet Grey for an undisclosed sum.
The company said in a release that since launch, Violet Grey has become a renowned beauty destination and elevated content channel, and it has been the launchpad for many of today’s most iconic global beauty brands.
The acquisition comes ahead of the launch of beauty on the Farfetch Marketplace, which is scheduled for later in the year.
READ MORE:
- Asos lines up former Farfetch executive as new CEO
- Farfetch enters joint supply chain venture with Clipper Logistics
Commenting on the development, Stephanie Phair, chief customer officer, Farfetch said: “The acquisition of Violet Grey is an important step ahead of the launch of beauty on Farfetch later this year and will form part of our overall beauty strategy ‘palette’. It will enable us to offer our informed and engaged customers a curated selection of the industry’s most sought-after products, joining a world of beauty brands, from the iconic leading global brands, to smaller brands with a cult following.”
On completion of the acquisition, Violet Grey founder Cassandra Grey will become a global advisor for beauty on the Farfetch Marketplace and co-founder of NGG Beauty where she will work to incubate and accelerate new brands. She will also be chair of Violet Grey and provide overall strategic and creative direction for the business.
Meanwhile, Niten Kapadia, previously vice president of operations at Farfetch, will become Violet Grey’s managing director.
Phair added: “As a marketplace, we are uniquely positioned to be able to offer multiple points of view and voices in this important category, so customers can find the products and expertise that speak to them. The addition of Violet Grey and Cassandra Grey joining the team will form an important element of this overall strategy. Cassandra has built true authority in the beauty industry and has an incredible, intuitive understanding of where beauty is going and what customers want.”
Click here to sign up to Retail Gazette‘s free daily email newsletter
