José Neves Explained

José Neves
Birth Date:26 June 1974
Nationality:Portuguese
Education:University of Porto
Occupation:Businessman
Known For:Founder of Farfetch
Spouse:Married
Children:5[1]

José Manuel Ferreira Neves (born 26 June 1974) is a Portuguese entrepreneur and the founder of Farfetch, a global luxury fashion online platform.

Early life

José Neves was born on 26 June 1974.[2] He grew up in Porto, Portugal, where his grandfather owned a shoe factory.[3] He studied economics at the University of Porto.[3]

Career

Neves founded his first tech company, Grey Matter, while studying at university. The company provided software for clothing manufacturers.[4]

In the same year, he founded a software firm called Platforme for small fashion brands in 1996.[5] In 1996, at the age of 22, he launched a footwear brand named Swear, and opened a store in London. The brand sold to other shops.[6] He started a retail fashion store named bstore on Savile Row in London in 2001.[7]

In 2008, Neves founded Farfetch.[7] In June 2017, Farfetch sold a minority stake to JD.com, for US$397 million, prior to launching in China.[7]

In September 2018, following the IPO of Farfetch on the New York Stock Exchange, Neves' stake in the company was valued at US$1.4 billion.[8]

In February 2024, following the sale of Farfetch to Korean e-commerce company Coupang, Neves stepped down as CEO but will remain involved with Farfetch in a consultant capacity.[9]

Personal life

Neves is married and has five children,[10] living in Guimarães, Portugal.[11] Neves has an apartment in Clerkenwell, London, and travels widely for work.[11]

Notes and References

  1. Web site: How Farfetch prospered in a pandemic year . Leila Abboud . 11 February 2021 . ft.com . 11 February 2021.
  2. News: Loizou . Kiki . 10 January 2016 . I hated the finer things in life — but now I can afford them . The Sunday Times.
  3. Web site: Joshua Levine . José Neves: how the founder of Farfetch is politely reinventing the boutique for the digital age . Telegraph.co.uk . 3 September 2016 . 24 June 2017.
  4. News: Times. The Sunday. José Neves net worth — Sunday Times Rich List 2021. en. 2021-07-15. 0140-0460.
  5. News: Farfetch founder José Neves tells WIRED how he built the $1.5 billion fashion platform . Burton . Charlie . 12 July 2017 . Wired . 21 August 2018.
  6. News: Farfetch boss José Neves: 'The magic of bricks-and-mortar shops will never die' . Armstrong . Ashley . 28 August 2017 . The Telegraph . 21 August 2018 . 0307-1235.
  7. Web site: Sarah Butler . Handbags at dawn with Farfetch, the latest thing in upmarket online fashion | Fashion . The Guardian . 1 January 1970 . 24 June 2017.
  8. Web site: Shares in Luxury Marketplace Farfetch Soar 50% After IPO, Minting a New Billionaire . Lucinda Shen . 21 September 2018 . fortune.com . 27 September 2018.
  9. Web site: Conti . Samantha . 2024-02-15 . José Neves Steps Down as Farfetch CEO in Shakeup at Coupang . 2024-02-15 . WWD . en-US.
  10. Web site: How Farfetch prospered in a pandemic year. Financial Times. 11 February 2021.
  11. Web site: The Drapers Interview: José Neves, Farfetch. The Drapers Interview. 31 July 2017.