SRS advises on sale of Luxclusif to Farfetch

SRS Advogados has advised the shareholders of Luxclusif on the sale to Farfetch

Luxclusif is a technology company founded in 2013 which provides B2B (business-to-business) services with a platform for resale of second-hand luxury goods which enables the acquisition, authentication and sale of second-hand luxury goods to and from auctions, retailers, e-commerce platforms and stores worldwide.

Farfetch is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. The company was founded in 2007 by the Portuguese entrepreneur José Neves with its headquarters in London and main branches in Porto, Guimarães, Braga, Lisbon, New York, Los Angeles, Tokyo, Shanghai, Hong Kong, São Paulo and Dubai.

The team at SRS Advogados which advised the shareholders of Luxclusif was led by Gustavo Ordonhas Oliveira, pictured left, (partner, Private Equity & Venture Capital) and included Solange Fernandes, pictured top right, (associate) and Mariana Azevedo Mendes, pictured bottom right (associate).

Gustavo Ordonhas Oliveira highlights: “SRS Advogados is an active player in the Portuguese startup ecosystem, consistently advising startups and private equity and venture capital investors during the last 10 years, and we are extremely proud and pleased to be involved in another successful exit which demonstrates the great potential of our startups”.