Kering has reportedly severed direct ties with Farfetch, though its brands may still be available on the platform through third-party retailers. This decision follows Neiman Marcus Group‘s announcement of abandoning plans to integrate its Bergdorf Goodman webstore and app with Farfetch Platform Solutions, indicating a setback for Farfetch after a multimillion-dollar partnership agreement with Kering in 2022. Although Kering has not made a formal statement, remarks from its finance chief suggest a decline in e-commerce sales as a proportion of the group‘s total revenue, possibly due to decreased spending among luxury consumers amid global economic challenges.