×
28 058
Fashion Jobs
L'OREAL GROUP
sr. Analyst, Finance (l'Oreal Paris)
Permanent · New York
L'OREAL GROUP
sr Analyst - Finance (sg&a) Luxe
Permanent · New York
L'OREAL GROUP
sr Analyst - Commercial Finance (Cpd)
Permanent · New York
L'OREAL GROUP
Packaging Operator ii - up2
Permanent · North Little Rock
VICTORIA'S SECRET
Brand Operations Manager-Edgewater
Permanent · Biloxi
CENTRIC BRANDS
Manager, Production - Denim (Joe's Jeans And Hudson Jeans)
Permanent · Los Angeles
LANE BRYANT
Part Time Sales Manager
Permanent · Gloucester Township
SALLY BEAUTY CORPORATE
District Manager
Permanent · Sacramento
ROSS STORES
Store Protection Specialist
Permanent · Las Vegas
ROSS STORES
Store Protection Specialist
Permanent · Los Angeles
ROSS STORES
Store Protection Specialist
Permanent · Los Angeles
COTY
Assistant Marketing Manager, us Marc Jacobs Fragrance
Permanent · New York
NORDSTROM
Loss Prevention Security Ambassador Bellevue
Permanent · Bellevue
NORDSTROM
Loss Prevention Agent Aventura
Permanent · Aventura
NORDSTROM
Loss Prevention Security Ambassador Nordstrom Northshore
Permanent · Peabody
NORDSTROM INC
sr Maintenance Manager - Riverside, ca
Permanent · Riverside
NORDSTROM
Loss Prevention Security Ambassador Oakbrook
Permanent · Oak Brook
NORDSTROM
Loss Prevention Agent Oakridge Rack
Permanent · San Jose
NORDSTROM
Loss Prevention Agent Southcenter
Permanent · Tukwila
NORDSTROM
Loss Prevention Agent Chicago Maxwell Rack
Permanent · Chicago
NORDSTROM
Loss Prevention Agent Mission Valley Rack
Permanent · San Diego
NORDSTROM
Loss Prevention Security Ambassador Last Chance Phoenix
Permanent · Phoenix
Published
Jan 30, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Farfetch gets $250m investment to accelerate China growth

Published
Jan 30, 2020

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 © 2021 FashionNetwork.com All rights reserved.