Upscale heritage department store Liberty London said it’s entering an exclusive deal with Secoo, Asia’s biggest premium lifestyle platform, with the Chinese company set to carry the brand exclusively in the region.
The BFC launched the organisation’s China Partnerships Strategy in Shanghai this week with Ambassadorial President David Beckham and a number of BFC luminaries on hand to guarantee maximum publicity for the initiative.
Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.
Farfetch will complete by the end of this week its much-anticipated initial public offering (IPO) on the New York Stock Exchange with a valuation of up to $4.8 billion if investors pile in to buy its shares.
We caught up with Phair this weekend in London to discuss her plans for the BFC; her take on the future of fashion; how Brexit might impact London designers and British brands; and the BFC’s new plans with Google.
Chinese e-commerce portal Yunji Weidian has hired investment banks for an initial public offering it plans to launch in the United States early next year, a source with direct knowledge of the matter said on Wednesday.
It feels like it’s been a long time coming but Farfetch has finally announced pricing details for its mega-IPO with news that it aims to raise up to $600m in an offering valuing the whole firm at around $5bn.