News English — Financial Performance

Farfetch vs Boohoo: Two fashion retailers compared

Posted by Thomas Andersson on

Farfetch vs Boohoo Two pureplay online retailers (ok, Farfetch owns a few subsidiaries with physical stores and are moving towards a multi-channel set-up) compared. We have written about the Farfetch business model previously. Download our report here. Our view is that Farfetch has too many employees and should rationalise departments and its development base. At close to a third of revenue, Farfetch's salaries are going to weigh on the company for many years to come. The only hope is that they can grow into a $bn business before they run out of cash (they have a decent amount in the...

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Farfetch IPO - Our view

Posted by Thomas Andersson on

After a relatively long period of media speculation, Farfetch has finally filed an intention to list on NYSE (source). At the time of writing this blog there were no specifics on its pricing and the company is no doubt working the funding circuit hard to explore the level of interest and promote the pricing. While pricing is not known, there are a few other details that we know of. JD.com stepped in as an investor earlier in 2018 and have an option on about a third of the business. What is Farfetch? Farfetch is an aggregator platform for luxury fashion...

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Breakfast meeting @ Retail Week Prospect, 4 Dec 2017

Posted by Thomas Andersson on

As many other traditional publishers, Retail Week have suffered from a slump in paper copy sales and have moved online. However, with the variety of sources available online the company has had to look at other ways to monetise its network, connections and expertise. Retail Week Prospect is one such initiative. Retail Week Prospect is an extensive database of 180 of the largest UK retailers including deep analysis of strategic direction, IT investment focus in the near future, key contacts and much more. If you are business developing/prospecting for your IT supply outfit and building your UK retailer network you...

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Boozt.com, a Nordic Fashion Retail IPO success story

Posted by Haesoon Jung on

Boozt.com, the PE- & industry-backed Swedish fashion etailer, listed on Nasdaq Nordic on 31 May 2017 at the higher end of its offer price of SEK 62 per share (offer range SEK 54-63). The listing valued the company at about SEK 3.4bn (~£300m). The share traded at SEK 79 on June 7, 2017 representing a close to 30% lift in its offer price. However, only 2% up from its starting day price of SEK 77.50.   Boozt attempted to sell mono-brand stores and was successful with signing up both Ecco and Day Birger Mikkelsen (Ecco was also an investor). However,...

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Who will buy Jimmy Choo?

Posted by Thomas Andersson on

Since JAB went public with their intention to sell off Jimmy Choo there has been continued speculation on who might acquire the company. JAB, an investment/holding company, grew out of the Reckitt Benckiser FMCG empire and have assembled a division of fashion brands including Jimmy Choo, Belstaff, and Bally. The company also hold a significant stake in Coty, the beauty company, and a number of coffee related businesses. In 2016 JAB attempted to list Belstaff, but ultimately had to terminate the process due to lack of demand. Its April 2017 announcmenent that it is seeking to offload Jimmy Choo fits...

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