- Huw Hughes
Global investment firm Eurazeo revealed Tuesday it has sold its entire
stake in online fashion marketplace Farfetch.
The disposal results in net proceeds of 90.4 million euros,
corresponding to an IRR of around 38 percent, the company said.
Eurazeo had been a shareholder in Farfetch since May 2016. “Over this
period, the group accompanied the company’s growth, particularly by helping
it develop its business among luxury goods brands and expand its geographic
footprint in China and other countries,” Eurazeo said in a statement.
Eurazeo Growth partner Yann du Rusquec commented: “Eurazeo Growth is
especially proud to have supported Farfetch in its development strategy
since 2016. We wish José Neves and his teams every success with their
future growth plans.”
Photo credit: Farfetch