Sneaker retailer Stadium Goods has had one hell of a year! Back in February, LVMH invested in the company, then months later they announced an exclusive partnership with Farfetch. It now has been revealed that Farfetch has purchased Stadium Goods wholesale.
Not many details are out about the purchase, but Stadium Goods’ most recent valuation was at $250 million. While we still do not know how this business deal will affect both parties, but we believe that it will be mutually beneficial for both parties. Business of Fashion did state that Stadium goods will continue to operate independently with its inventory digitally made available everywhere that Farfetch’s logistics allow.