Farfetch Taps U.K.’s Clipper Logistics for Supply Chain Tie-Up
- Companies will each own 50% of the proposed joint venture
- Will offer services across Europe, Asia, North America
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Luxury online retail platform Farfetch Ltd. announced a joint venture with U.K. logistics company Clipper Logistics Plc for some extra supply chain support.
The companies said Thursday that the 50-50 venture would create a logistics system for inventory from Farfetch’s businesses along with stock from other luxury brands. It will specialize in the demanding requirements for high-end e-commerce, Farfetch and Clipper said.