Stadium Goods $250M
Stadium Goods acquired by Farfetch
Soho-based Stadium Goods, the leading premier sneaker and streetwear multi-channel marketplace, has been acquired by London-based, publicly traded Farfetch, the luxury fashion platform in a deal with an enterprise value of $250M in a combination of stock and cash. The final price will be determined based on adjustments and milestones. “The Stadium Goods team has built an incredible company, with a host of talented people, dedicated and loyal customers and remarkable brand equity, said José Neves, Founder, CEO, and Co-Chairman, of Farfetch. “I am confident that we can help Stadium Goods grow its international presence for sneakerheads around the world through our expertise in technology, logistics, and data. Farfetch will benefit from Stadium Goods’ brand, access to supply and a team with a strong passion for and knowledge of luxury streetwear. We can’t wait to get started with John, Jed and the rest of the Stadium Goods team.”
Investors in the acquired company: Forerunner Ventures, The Chernin Group, SM Ventures, Mark Cuban
Total funding raised: $5.6M
Full coverage: Sneaker Marketplace Stadium Goods Acquired by Farfetch for $250M
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