Farfetch, the leading internet platform for the luxury goods industry, has announced a definitive agreement for the acquisition of Stadium Goods, described as the biggest internet marketplace for new and used sneakers and streetwear, for an enterprise value of $250 million, payable in cash and shares. The move is a significant tribute to the growing importance of lifestyle sneakers and the premium sportswear market, which was estimated to be worth $70 billion worldwide in 2017. Founded three years ago, Stadium Goods has been trading on Farfetch's marketplace since last April. Its acquisition is expected to trigger major synergies in databases, cross-border logistics and technology. Goldman Sachs acted as exclusive financial advisor in the transaction. More in Shoe Intelligence.

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