Steinfeld Law has acted for the Burstein family, founders of Browns, the iconic Mayfair-based fashion boutique, in the IPO of online luxury clothes retailer, Farfetch.
The Burstein family acquired a stake in Farfetch as part of the sale of Browns to Farfetch in 2015. Farfetch listed on the New York Stock Exchange in September 2018 with shares priced at $20 each. The IPO, largely documented as being a rave success, gave Farfetch a valuation of around $6.2 billion.
Steinfeld Law and Harris & Trotter advised the Burstein family on the sale of part of their interest. The Burstein family remain shareholders in Farfetch.