Farfetch to close down software service in strategic shift

Farfetch is shutting down its white-label business unit, Platform Solutions, which provides online shopping tools for retailers.
The move comes as the luxury fashion retailer focuses on its core luxury marketplace as its operating losses drag down its new owner Coupang’s profits.
Farfetch Platform Solutions, which counted Reebok, Harrods, Paul Smith and Off-White as clients, offered commerce solutions and retail technology designed for use by brands and retailers.
Earlier this year, the fi