×
38 232
Fashion Jobs
PUMA
Senior Manager, Analytics - Ecommerce
Permanent · Westford
ATHLETA
General Manager - Newbury Street
Permanent · Boston
ANN TAYLOR
Ann Taylor Stanford Shopping Center Sales Lead Manager/Merchandising Specialist
Permanent · Palo Alto
OLD NAVY
General Manager - Crossing of Decatur
Permanent · Decatur
OLD NAVY
General Manager - Danbury Fair
Permanent · Danbury
OLD NAVY
Assistant General Manager, Merchandising - Ridgeway Center
Permanent · Stamford
OLD NAVY
Loss Prevention Agent - Downey Landing
Permanent · Downey
TOO FACED
Executive Director, Product Marketing
Permanent · IRVINE
PVH
Account Executive ii, Corporate Outfitters (Promotional/Uniform) - Pvh Corp
Permanent · Bridgewater Township
PVH
Email Operations Manager, CRM - Calvin Klein
Permanent · New York
TJX COMPANIES INC.
Senior Financial Analyst
Permanent · Marlborough
TJX COMPANIES INC.
District Loss Prevention Manager
Permanent · Dallas
MACY'S
Regional Business Analyst
Permanent · New York
KOHLS
Part-Time Loss Prevention Associate (Plainfield, in)
Permanent · Plainfield
KOHLS
Full-Time Loss Prevention Officer
Permanent · North Huntingdon
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Northborough
KOHLS
Part-Time Loss Prevention Officer
Permanent · Burlington
KOHLS
Full-Time Loss Prevention Officer
Permanent · Danvers
ALL SAINTS
Distribution Center - Office Administrator
Permanent · Bolingbrook
GAP INC
District Visual Manager IT - Austin And el Paso
Permanent · Austin
GAP INC
Loss Prevention Agent - Mall at Bay Plaza
Permanent · Bronx
L'OREAL GROUP
l'Oreal Travel Retail Americas- Demand Planner
Permanent · Miami

Farfetch gets $250m investment to accelerate China growth

Published
today Jan 30, 2020
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxury platform Farfetch has raised $250 million from Tencent, the Chinese technology pioneer, and San Francisco-based investment firm Dragoneer to support its growth plans in China.


Farfetch


Tencent and Dragoneer are each investing $125 million in convertible senior notes issued by Farfetch.

The London-based fashion company said the deal supports its long-term strategy of delivering a global technology platform for the luxury fashion industry. It also expands the retailer’s partnership with Tencent as it sharpens its focus on the Chinese market. 

It currently offers more than 80 luxury brands on Tencent’s WeChat, including Moncler, Balenciaga, Saint Laurent, Armani and Ralph Lauren. 

The new investment underlines the importance of the Chinese market. It may be struggling to a certain extent at the moment given the disruption in Hong Kong and the tragic coronavirus outbreak, but in the long term, it remains on course to be the largest luxury market globally.

José Neves, Farfetch founder and CEO, welcomed Tencent and Dragoner to the company’s investor base. “Tencent’s deep technology expertise and ongoing relationship with Farfetch, paired with Dragoneer’s expertise in supporting growth-oriented technology companies, makes both investors outstanding partners to support Farfetch’s next chapter of growth.”

Martin Lau, president of Tencent, added: “We are excited to build on our cooperation with Farfetch and support the company as it accelerates its growth in China and enhances its customer experience and offerings in the region.”

As a leading Western shopping platform, Farfetch is keen on growing in the largely-untapped Chinese market to drive more growth and get closer to profitability. 

Farfetch also has a partnership with JD.com, one of China’s largest e-commerce companies.

Copyright © 2020 FashionNetwork.com All rights reserved.