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New Deal


Announced

Completed

Farfetch completed the acquisition of Opening Ceremony.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Private

fashion retailer

Friendly

Single Bidder

United States

Acquisition

Majority

Clothing and Accessories

Private Equity

Synopsis

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Farfetch, an online luxury fashion retail platform, completed the acquisition of Opening Ceremony, an American clothing brand and retailer founded in 2002. Financial terms were not disclosed. "Our curiosity and entrepreneurial spirit have been at the center of Opening Ceremony since we founded the company and our continued search for innovation led us to this partnership with Davide de Giglio and Andrea Grilli, who have created one of the best global brand platforms in existence today. This next step for Opening Ceremony means we get to connect our desire to invent the future and design for our community to a dynamic infrastructure," Humberto Leon and Carol Lim, Opening Ceremony Founders.

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