FARFETCH ACQUIRES STADIUM GOODS FOR $250 MILLION USD

Following an infusion of cash earlier this year from LVMH and an exclusive partnership with Farfetch, news broke today that Farfetch is acquiring Stadium Goods. The details of the acquisition have been scarce, but Stadium Goods recently enjoyed a $250 million USD valuation. According to Business of Fashion, Stadium Goods will continue to operate independently.

Notable Quotes: “[Sneakers] are growing faster than other categories and we see the same on farfetch. We now have the strongest secondary [market] brand, in our view.” – Jose Neves, Farfetch chief executive and founder

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