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Farfetch To Acquire Cult Favorite Luxury Beauty Destination, Violet Grey

Jan 28, 2022over 3 years ago

Acquiring Company

Farfetch

Acquired Company

VIOLET GREY INC

United KingdomWest Hollywood

Description

FARFETCH Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today announced it will acquire luxury beauty retailer, Violet Grey, for an undisclosed sum. Since launch, Violet Grey has become a renowned beauty destination and elevated content channel, and been the launchpad for many of today's most iconic global beauty brands. The company has built a devoted community who love the brand for its expertise and the trust they’ve built amongst customers. The acquisition comes ahead of the launch of Beauty on the FARFETCH Marketplace, which is scheduled for later in the year.

Company Information

Company

Farfetch

Location

United Kingdom

About

From the world’s best designer fashion to emerging brands, open doors to 100.000+ styles on FARFETCH. ✈ Get express delivery & free returns.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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