Farfetch acquired New Guards Group for $675m.

Farfetch, the leading global technology platform for the luxury fashion industry, acquired New Guards Group, an Italian contemporary luxury fashion production and distribution holding company, for $675m. José Neves, CEO and Co-Chair, Farfetch, said: “The addition of New Guards’ brand platform brings a creative and industrial dimension to our suite of capabilities which, combined with our community of more than 650 boutiques, enables us to power and promote both new and existing creative names in the luxury industry to build the brands of the future."