FAIRE news and archive

Faire lays off 20 percent of employees

Wholesale marketplace Faire is understood to have laid off 20 percent of its workforce in a bid to restructure the company to align with its “long-term vision”. The 250 job roles that were cut were believed to be company-wide, spanning everything from engineering to design to data science, according to a source for Business Insider. In a...

Business

Shopify becomes shareholder in wholesale marketplace Faire

As part of a new global partnership between the duo, commerce developer Shopify has become a shareholder in Faire, making the B2B retail marketplace the recommended wholesale platform for Shopify merchants. The move to become a shareholder reflects the long-term commitment Shopify is making towards the partnership, which will expand on its B2B...

Business

Faire launches mobile app for brands

Wholesale marketplace Faire is launching a mobile app for brands that will allow independent brands to manage their business “from their phones, anytime, anywhere”. The launch is part of Faire’s goal of providing a truly end-to-end solution for independent brands and retailers so that they can meaningfully compete with the global giants by...

Business

Faire appoints former Meta exec as new chief product officer

Wholesale marketplace Faire has announced the appointment of Ami Vora as its new chief product officer. Vora joins the company from social media giant Meta, where she served for 15 years in various leadership positions and has been credited with scaling the company’s global workforce. Most recently, she held the role vice president of product...

Fashion

WGSN and Faire reveal consumer apparel trends for SS23

Trend forecasting agency WGSN has published its latest report in collaboration with wholesale marketplace Faire highlighting possible consumer apparel trends to look out for during the spring/summer 2023 season. The publication of the ‘Women’s Trend Toolkit’ came ahead of Faire Fashion Week, running between September 18 to 24, during which the...

BusinessFeatured

Wholesale marketplace Faire launches showroom

Faire, the online wholesale marketplace for independent retailers and brands, is launching a showroom experience to easily allow retailers to discover and source premium brands and apparel available on the platform. The launch aims to level the playing field for independent retailers and help brands reach new customers around the world, as Faire...

Business

Wholesale marketplace Faire launches in Australia

Wholesale marketplace Faire has announced it will be launching in Australia, making its services available to independent brands and retailers in the region. It will be the first time the company has launched outside of North America and Europe, and closely follows the platform’s recent expansion into Canada and 16 markets throughout the UK and...

Fashion

Faire teams up with WGSN for trend report ahead of Faire Fashion Week

Wholesale marketplace Faire has partnered with forecasting platform WGSN to showcase what to expect from womenswear trends for autumn/winter 2022. The ‘Big Ideas in Womenswear’ report aims to provide independent retailers with guidance in their stock intake for the coming buying period. Its release comes ahead of Faire Fashion Week, scheduled...

Business

Online marketplace Faire raises 400 million dollars in funding

Online wholesale marketplace Faire has raised 400 million dollars in a Series G funding round, increasing its valuation to 12.4 billion dollars. The funding round - Faire’s third in a year - was co-led by investors Durable Capital Partners LP, D1 Capital Partners, and Dragoneer Investment Group. It brings the San Francisco-based company’s total...

Retail

US B2B marketplace Faire expands to 15 European countries

After successfully connecting consumer brands with independent entrepreneurs in the United States and Canada for the last four years and two years, respectively, B2B marketplace Faire has expanded to Europe and is continuing its rapid growth. The marketplace started with a trial in the UK and the Netherlands at the beginning of the year,...