The market may be awash in liquidity, but not all companies will swim in the riches.
The deal marks the debut of a new strategy for Farfetch.
Gucci’s president and chief executive officer and Farfetch’s founder and ceo will be saluted for their leadership and innovation and their commitment to sustainability.
The two have inked an “exclusive global multiyear innovation partnership” to make stores attractive to connected Millennials in the future.
The brand said its own technology will be integrated into the Farfetch operating system.
The race to capture the luxury e-commerce market in the Middle East heats up as Farfetch announces the launch of ground operation within a few months.
Lam will launch for the first time in the Chinese market via the app operated by JD.com.
Young shoppers’ growing power is pushing brands to grow their online followings and embrace the experience economy.
Developed in partnership with Farfetch, the customization service enables users to create bespoke versions of the Kan I F bag and the Strap You leather strap.
The annual ceremony was hosted this year by Catherine Zeta-Jones.
The limited-edition collection of bags is exclusively sold on Farfetch.com.
Farfetch, one of the U.K.’s first retail unicorns which is now valued in excess of $1 billion, saw global revenue grow at breakneck speed in 2016.
Stephanie Phair talked scaling in China, Style.com and tech solutions.