LONDON — Condé Nast International has made its biggest e-commerce investment to date, leading a $20 million round of funding into Farfetch.com, an online marketplace for high-end, independent fashion boutiques worldwide.
CNI, a division of Advance Publications, has made its move alongside existing Farfetch investors Advent Venture Partners, Index Ventures and e.ventures. Farfetch has annual sales of $129 million and works with 250 stores in 17 countries.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)