In Q2 FY2021-22, online luxury fashion firm Fartech sold 40 per cent more goods than a year earlier. As per an Evening Standard report, the total value of the goods by the firm totaled $1 billion (£730 million) during the quarter. The company also increased revenues in the three months to June to $523.3 million, from $364.7 million year on year. Floated in New York in 2018, Fartech lists thousands of products on its website on behalf of brands such as Balenciaga, Burberry and Vivienne Westwood. The retailer also provides tech services to a number of companies in the industry.

The firm was founded in London by entrepreneur José Neves in 2007. It has an office in Old Street, London while a large number of the over 5,000 employees are based in the capital. The company is amongst the few luxury firms that reported higher sales recently.