Eurazeo sells its total stake in Farfetch

2020/11 05 13:11

Pic: Farfetch


Eurazeo has introduced the completion of the sale out there in current days of all its shares in Farfetch, a Eurazeo progress portfolio firm. This disposal resulted in internet proceeds of €90.four million, akin to a a number of of four.1x cash-on-cash and an IRR of round 38 per cent. Eurazeo is a number one world funding firm headquartered in France.

Eurazeo had been a shareholder in Farfetch, a web-based market connecting vogue and luxurious items manufacturers in addition to multi-brand boutiques with clients in 190 nations, since Could 2016. Over this era, the group accompanied the corporate’s progress, notably by serving to it develop its enterprise amongst luxurious items manufacturers and increase its geographic footprint in China and different nations, the corporate stated in a press launch.

“Eurazeo progress is particularly proud to have supported Farfetch in its growth technique since 2016. We want José Neves, founder and CEO of Farfetch, and his groups each success with their future progress plans,” Yann du Rusquec, associate at Eurazeo progress stated.

Fibre2Fashion Information Desk (GK)


Eurazeo has introduced the completion of the sale out there in current days of all its shares in Farfetch, a Eurazeo progress portfolio firm. This disposal resulted in internet proceeds of €90.four million, akin to a a number of of four.1x cash-on-cash and an IRR of round 38 per cent. Eurazeo is a number one world funding firm headquartered in France.




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