Luxury e-commerce platform acquires Stadium Good - sportstextiles: Lea SportsTextiles

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Luxury e-commerce platform acquires Stadium Goods

14/12/2018
Luxury e-commerce marketplace Farfetch has acquired sneaker and streetwear platform called Stadium Goods. In the transaction, Lisbon-based Farfetch valued Stadium Goods, which was founded in 2015, at $250 million.

Founder, José Neves , said: “The Stadium Goods team has built an incredible company, with a host of talented people, dedicated and loyal customers and remarkable brand equity. I am confident that we can help Stadium Goods grow its international presence for sneakerheads around the world through our expertise in technology, logistics and data. Farfetch will benefit from Stadium Goods’ brand, access to supply and a team with a strong passion for and knowledge of luxury streetwear.”

The acquisition is subject to customary closing conditions and is expected to be completed in the first quarter of 2019.

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