Farfetch to be investigated by 3 law firms as shares plummet
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Farfetch is to be investigated by numerous law firms over allegations it misled investors ahead of its IPO last year, in which it raised $884 million in new capital. Johnson…
Condé Nast pulls £234 million investment in Farfetch amid management concerns
Condé Nast, the publisher behind Vogue and GQ, has sold its £234 million stake in online fashion giant Farfetch due to concerns over how it is managed. According to the…
JD.com smashes records raking in $29.2bn during sales festival
JD.com smashed previous sales records during its Anniversary Sales festival yesterday, raking in $29.2 billion (£23.2 billion).
The Chinese ecommerce giant hosted its annual sales event “6.18” yesterday, celebrating its…
Prada launches flagship store on JD.com
Prada has expanded its fast-growing ecommerce business into the lucrative Chinese market as it partners with JD.com to launch a flagship store. The iconic Italian luxury fashion brand launched its…
How are legacy fashion companies using technology to adapt to new trends?
The global fashion market is worth an estimated $3 trillion (2% of the world’s GDP). It is a dynamic environment, with trends shaping and shifting constantly. Growing competition from digital…
Farfetch launches flagship store on JD.com as partnership strengthens
Farfetch has announced the launch of its flagship store on JD.com, two years after the Chinese ecommerce giant bought a $397 million (£313.59 million) stake in the retailer. JD.com’s 300…
Farfetch launches handbag resale pilot Second Life
Online luxury fashion retailer Farfetch is set to launch a new resale platform, aiming to capitalise on the increasingly lucrative pre-owned luxury market. Its new pilot Second Life will allow…
Go Instore tech drives sales growth for Currys PC World
Currys PC World has hailed the success of its partnership with tech start-up Go Instore, which enables online customers to virtually enter physical stores. The technology retailer has reported increasing…
JD.com revenues jump 24% as it extends partnership with Farfetch
JD.com has reported double-digit revenue growth as it announces a major extension of its partnership with Farfetch. China’s largest etailer JD.com beat analyst expectations in its fourth quarter, seeing net…