Over the Hills and Farfetch Away

Jose Neves
The company has halved Farfetch’s headcount to about 3,000 employees; closed its offices in L.A., Hong Kong, and Moscow; and shrunk its office footprint in Tokyo and Dubai, sometimes down to a single room. Photo: Joe Schildhorn/BFA.com
Malique Morris
April 7, 2026

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In December 2023, José Neves told staffers that he was in it for the long haul at Farfetch, the luxury site he founded in 2008 and took public a decade later. At the time, there was some cause for optimism. Sure, the company was in the process of being delisted from the New York Stock Exchange—a final humiliation amid a years-long collapse. But the ink was almost dry on a deal for South Korean e-commerce giant Coupang to rescue Farfetch from the brink of bankruptcy, preempting an earlier deal that would have seen the company take a near-majority stake in Yoox Net-a-Porter.