Investing in a luxury product that's designed to last a lifetime also means investing in its care and The Restory and Farfetch teamed up to address just this with a new service called Farfetch Fix. The services provided directly by The Restory are suited to caring for everything from shoes and bags to other leather goods and it promises to help people cherish the pieces they love for longer, and also support the sustainable future of fashion.
At the end of 2020, Farfetch committed to becoming “more circular than linear” by 2030 and this partnership is a step towards supporting the circular economy, as luxury product consumers will be able to easily revive and repair what they already own.
What's Driving This Trend
- Luxury Restoration
- The Farfetch Fix service represents a disruptive innovation opportunity within the luxury restoration industry.
- Circular Fashion
- Farfetch's commitment to becoming circular by 2030 presents an opportunity for disruptive innovation within the fashion industry.
- Sustainable Care
- The Restory's services for caring for luxury goods offer a disruptive innovation opportunity within the sustainable care industry.
Who This Affects Most
- Luxury Goods
- The Farfetch Fix service for repairing and restoring luxury goods represents a disruptive innovation opportunity for the luxury goods industry.
- Fashion
- Farfetch's commitment to becoming more circular presents an opportunity for disruptive innovation within the fashion industry as a whole.
- Sustainability
- The Restory's services for caring for luxury goods offer a disruptive innovation opportunity within the sustainability industry specifically related to fashion and luxury goods.
