The move is part of Farfetch’s ongoing efforts to engage with more Black-owned brands and boutiques.
Richemont’s chairman said the China-focused, global partnership with Farfetch and Alibaba will help smaller luxury players “fight giants like Amazon,” and give fashion and accessories brands greater access to a market with explosive growth.
Kering’s Pinault family is also putting funds into the new luxury retail venture.
LONDON — In a landmark union of luxury digital titans, Farfetch, Alibaba Group and Richemont have unveiled a global strategic partnership to provide luxury brands with “enhanced access to the China market,” and to accelerate the digitization of the global luxury industry, the three companies said Thursday. Leveraging each company’s respective expertise and extensive reach, […]
A new media report dishes that Alibaba’s about to invest $300 million into Farfetch, spiking shares for the luxury goods platform.
“You really wanted to look after your customer, to help them. You wanted them to come to you because you’ve got the best of the best,” said Browns’ honorary chairman Joan Burstein in a joint interview with the chief executive officer Holli Rogers.
The designer’s latest offering is a collection of bestsellers from past seasons, and a slight departure from graphics.
The retailer is looking to solidify its status as market leader with a new brand identity and global campaign.
The ceo of the e-commerce platform said Amazon is not yet getting traction with the luxury crowd.