Stadium Goods Acquired By Farfetch For $250 Million

London-based fashion marketplace Farfetch has announced its acquisition of American premium sneaker and streetwear marketplace, Stadium Goods, for $250 million in a deal that was facilitated by Goldman Sachs.

As a result of the deal, Stadium Goods will become a fully-owned subsidiary of Farfetch that will continue to be led by its co-founders John McPheters and Jed Stiller.

In February, Stadium Goods already sold a stake to LVMH Luxury Ventures for an undisclosed sum, which the company has said to put towards growing its brick-and-mortar presence, grow its proprietary tech offering as well as investing in marketing and staffing.

Stay posted for more information as it arrives

To stay updated on everything happening in the sneaker world, follow @Highsnobietysneakers on Instagram, check our sneaker release date calendar and subscribe to our sneaker chatbot on Facebook to receive lightning quick updates to your inbox.

Source link

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Leave a Reply

Your email address will not be published. Required fields are marked *

adidas Originals Watches Dropped Six New Designs Perfect For the Holiday Gift You Forgot to Buy

10 Smart Shoes to Stay Classy in Front of the Family this Holiday Season