Bankrupted, owes a lot of money to suppliers, partners, ex-employees - Business Analyst BY FAR Employee Review

1.0
Sep 4, 2023
Recommend
CEO approval
Business outlook

Pros

They used to provide product allowance, but since they don’t pay the factories anymore, there are almost no new products produced.

Cons

The founders have zero business experience, their previous companies were “gifts” by their oligarch father, so they kept spending much more than they can afford and went into spiraling debt crisis and BY FAR is currently being sued by its marketing agency, showroom, factories, material suppliers, ex-employees, celebrities used for the campaigns, and others. Each attempt to introduce new products failed worse than the previous ones due to their gross incompetence - sneakers, belts, scarves, sunglasses, perfumes, ready-to-wear. The founder kept thinking that they know how to run the company, but just as the designs were copied bags and shoes from older collections of big brands bought off Vestiaire, their only positive business quality is relentless decline to accept a negative answer, which opened them some doors, but they never capitalized on that. They closed the UK office, will close the US one too and the Bulgarian entity is entering into insolvency. The Chinese operation is a complete money sinkhole, with millions invested and not a penny returned.

Explore other reviews about BY FAR

5.0
Sep 11, 2023
Recommend
CEO approval
Business outlook

Pros

My experience thus far has been a remarkable journey filled with growth, opportunity, and support. BY FAR truly values its employees. The camaraderie among employees in unmatched, and it feels like one big happy family working toward common goals. BY FAR and the CEO Sabina fosters a culture of innovation. We're encouraged to bring our ideas to the table. BY FAR is more than just a workplace; it's a place where you can thrive both professionally and personally. If you're looking for a company that values its employees, offers growth opportunities, and embraces innovation, this is the place to be. I'm genuinely proud to be a part of this organization and excited about the future here. Thank you, BY FAR, for making work feel like a second home.

Cons

Honestly, it's challenging to find significant downsides to working at BY FAR. Every organization has its minor hiccups, but they're quickly addressed, and they pale in comparison to the overall positive experience.

1.0
Jul 5, 2023
Recommend
CEO approval
Business outlook

Pros

Seasonal product allowance, flexible hours

Cons

C-level executives, management & HR teams lack reality check Lack of advancement opportunities for most employees Low pay

5
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