In this video, I'm going to talk about Farfetch (NYSE: FTCH), the $15 billion luxury goods company. The stock is down 33% year to date but down 40% since its February high despite growing revenue at 40%. You can find the video below. Luxury market According to Verified Market Research, the global personal luxury goods market will grow at a 5.20% compound annual growth rate from 2020 to 2028, by which time it will be worth $120 billion. By 2025, the global sneaker resale market size will be as big as $6 billion, and Farfetch owns Stadium Goods, a retailer specializing in the resale of sneakers. Farfetch directly gains from a popular secondary market because it will create FOMO (fear of missing out) and make people buy the shoes as fast as they can. China opportunity By 2025, 40% of total luxury sales will be done by Chinese customers. In August, Farfetch signed an agreement to enter into a global strategic partnership with Alibaba Group and Richemont. Both companies will invest $250 million in Farfetch China. This partnership will aim to provide luxury fashion brands with enhanced access to the China market. This will give Farfetch a very big competitive advantage over its peers, as China was responsible for 90% of 2020 luxury goods purchases growth. For the full insights do watch the video below. *Stock prices used were the closing prices of Sept. 24, 2021. The video was published on Sept. 27, 2021. 10 stocks we like better than Farfetch LimitedWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Farfetch Limited wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Farfetch Limited. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.Source