Well, this was unexpected. earlier today, London-based fashion market Farfetch revealed that it was buying American sneaker as well as streetwear marketplace, stadium Goods, for a great $250 million. As a result, stadium products will ended up being a subsidiary of Farfetch, however it will continue to be led by its co-founders.

Of course, this isn’t the very first time money has been pumped into the business from an outside source. Back in February, stadium products offered a stake to LVMH for an concealed amount, which the business put towards growing its physical presence as well as investing in advertising as well as staffing.

“Myself, Jed as well as our entire team couldn’t be more excited to join the Farfetch household as we go into the next stage in our development as a worldwide brand as well as product offering,” stadium products co-founder as well as co-CEO, John McPheters, stated in a statement. “By leveraging Farfetch’s best-in-class cross-border logistics as well as technology, in addition to their high-end prowess, scale as well as client base, we will be in a prime setting to capitalize on the large worldwide demand for sneakers as well as streetwear.”

Since it was established in 2015, Stadium products has grown to ended up being one of the world’s leading men’s streetwear marketplace’s that specialises in new as well as deadstock products. let us understand what you believe of this news down in the comments below, as well as be sure to keep it locked at The Sole supplier for the latest as well as biggest in sneakers!