FARFETCH and Neiman Marcus Group Announce Partnership

The partnership builds on FARFETCH’S Luxury New Retail vision and advances NMG’s pioneering strategy to revolutionize integrated luxury retail, with an initial focus on re-platforming the Bergdorf Goodman website and mobile application to expand its global capabilities and services.

As part of its commitment to the partnership and NMG’s long-term success, FARFETCH will make a minority common equity investment of up to $200 million in NMG, joining existing investors including PIMCO, Davidson Kempner Capital Management, and Sixth Street.

NMG will use the proceeds to further accelerate growth and innovation through investments in technology and digital capabilities. The partnership brings together the resources of two industry leaders with a shared commitment to creating a seamless experience for customers.

FARFETCH has invested for many years in its Luxury New Retail vision through its differentiated global technology platform…