Articles from Faire

Faire, the leading global wholesale platform powering independent retail, today announced the appointment of Christopher Payne, former President and Chief Operating Officer of DoorDash, to its Board of Directors as Independent Director and Chair of the Compensation Committee. A veteran technology leader with more than three decades of experience scaling some of the world’s most innovative platforms, Payne joins Faire at a period of rapid global expansion.

It’s clear that consumers are keeping the holiday cheer alive well beyond December. From the Christmas in July trend to the growing habit of putting up trees and lights as early as November, the festive spirit is no longer confined to the final weeks of the year. Retailers, it seems, are following suit, getting a head start on holiday planning year-round to stay ahead of the busy shopping season.

Americans want to see their Main Street thriving, and many are willing to do their part to keep local shops in business. In new research commissioned by Faire, the online marketplace serving hundreds of thousands of independent brands and retailers around the world, consumers reported that they are willing to spend nearly $2,000 more in 2024 if it means their favorite local shops will continue to thrive. The research uncovered that across the country:

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Faire, the world’s leading B2B retail marketplace, announced today a new global partnership with Shopify (NYSE:SHOP) that establishes Faire as the recommended wholesale marketplace for Shopify, which powers millions of merchants around the world. This partnership brings together two world-class category leaders in retail and commerce to expand Shopify’s B2B offerings and help drive growth for the brands and independent retailers the two companies serve. As part of the deal, Shopify will also become a Faire shareholder, demonstrating the global commerce leader’s long-term commitment to the partnership.

Faire, the online wholesale marketplace connecting more than 400,000 retailers with 60,000 brands around the world, today announced significant impact and growth in the United Kingdom, following one year of operations in the region. Since expanding the platform in March 2021, Faire has provided vital support to U.K. small businesses during a critical recovery period, ultimately enabling nearly 200,000 orders for independent U.K. brands in the last year. In total, Faire’s U.K. brand and retailer community has grown to nearly 35,000, a milestone that took over two years to achieve in North America.

Faire, the online wholesale marketplace connecting more than 350,000 independent retailers with 50,000 emerging and established brands around the world, has partnered with global forecasting agency WGSN to provide Faire’s customers an exclusive preview into what will be trending in womenswear for the Fall/Winter ’22 season.

Faire, the online wholesale marketplace connecting more than 300,000 retailers with 40,000 brands around the world, today announced the closing of $400 million in a Series G investment round co-led by new investor, Durable Capital Partners LP, and returning investors, D1 Capital Partners, and Dragoneer Investment Group. This round, which includes all existing investors, is Faire’s third in just over a year and values the wholesale market leader at $12.4 billion, bringing its total funding-to-date to more than $1 billion. Six months after Faire launched across 15 markets in Europe and the United Kingdom, annualized sales volume in the region has exceeded more than $150 million — a scale that took nearly three years to achieve in North America.

Faire, the online wholesale marketplace connecting more than 200,000 retailers across North America and Europe with 20,000 brands from over 80 countries, today announced the closing of $260 million in a Series F investment round led by Sequoia Capital. The funding, which includes all existing investors as well as new global investors Baillie Gifford and Wellington Management, values Faire at $7 billion, nearly tripling its previous valuation of $2.5 billion announced just over six months ago.