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Farfetch Acquires Off-White Licensee to Build Global Tech Platform for Luxury Fashion

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Farfetch Ltd. has acquired New Guards Group, the brand platform that’s the exclusive licensee of streetwear brand Off-White, in a cash and stock deal valued at $675 million. The deal is expected to close in the third quarter of this year, with the cash and stock transaction is expected to be split 50-50. Farfetch said…

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