Clipper signs joint venture with luxury fashion company

This will create the world’s first global e-commerce fulfillment solution for luxury brands.

Leeds-based Clipper said the joint venture will offer a world-class global fulfillment solution specifically focused on luxury business needs by combining Clipper’s expertise in end-to-end online logistics and technical solutions with Farfetch’s task management systems and operators. , and expertise and relationships in the luxury industry.

The joint venture, which is expected to launch in early 2022, subject to relevant regulatory approvals, will offer online fulfillment services in key luxury regions in Europe, Asia and North America with plans to expand further in the medium term.

Farfetch and Clipper will each own 50 percent of the joint venture.

Steve Parkin, executive chairman of Clipper, said: “The luxury goods sector is going through a period of transformation and we are excited to expand our relationship with Farfetch to meet these new demands with global e-fulfillment solutions.

“Our market-leading technology and expertise partnership with Farfetch’s global brand and operating expertise will create a unique and fully integrated international offering for stock from the Farfetch group of companies including Browns and New Guards Group, as well as stock from other luxury brands.

“As consumer behavior evolves and the number of high-end purchases made online, we are proud to help luxury brands accelerate growth in the online retail space.

“This joint venture is fully aligned with our global ambitions and another transformational step for Clipper as we innovate in the logistics space.”

Luis Teixeira, chief operating officer at Farfetch, added: “We have had a very successful relationship with Clipper for several years and are delighted to take this opportunity, creating a customized logistics offering for luxury brands.

“We believe there is a gap with respect to the very specific value-added services required for high-end brands and boutiques, including being able to consistently handle logistics through a single global offering, and providing solutions for high-value goods, such as watches and jewelry.

“Our joint venture with Clipper will bridge this gap. It will also allow us to move stock closer to customers through a global warehousing footprint.”