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58. José Neves, founder and chief executive, Farfetch

José Neves, founder and chief executive, Farfetch

Position last year: 72

2015 has been a bumper year for Farfetch’s founder José Neves, with the independent etail platform receiving £56m in a new funding round and a $1bn (£652m) valuation in March, followed by its unexpected acquisition of iconic London indie Browns in May.

The independent retail champion Neves bought Browns to use as a launchpad to trial how new technology can boost profitability for indies, such as mobile payments, cross-channel promotions, loyalty schemes and radio frequency identification (RFID) technology that updates inventory automatically.

In June, he unveiled a new focus for Farfetch on menswear and in November it launched a same-day delivery service in nine cities including London, Paris and New York for its 300 boutiques.

Farfetch is targeting sales through the site of more than $500m (£340m) this year, up from $350m (£238m) for the year ended December 31, 2014, but it is yet to make a profit.

In September, Neves launched a service proposition called Farfetch Black & White enabling brands to trade directly on its website or through their own full-price transactional sites.

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