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INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
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JOB INDIA
Area Sales Manager- Operations (Garment Retails)
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PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
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PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
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AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
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BHARTI AIRTEL LIMITED
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Zydus Wellness - Factory Manager - Sikkim Plant
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Social Media & Fashion Communications
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RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
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SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
By
Reuters API
Published
Nov 6, 2020
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Alibaba, Richemont to invest $1.1 billion in Farfetch with focus on China

By
Reuters API
Published
Nov 6, 2020

Alibaba Group Holding Ltd and Swiss group Richemont will invest $1.1 billion (£837 million) in online luxury fashion retailer Farfetch Ltd and its new Chinese marketplace, as online demand for luxury goods booms in the Asian country.


Farfetch


Alibaba said on Thursday it will launch Farfetch shopping channels on its e-commerce sites Tmall Luxury Pavilion and Luxury Soho, while also investing in newly formed Farfetch China along with Richemont.

Farfetch's shares jumped about 9% in after-market trading.

The Chinese luxury market, which is expected to account for half of global luxury sales by 2025, has seen a strong recovery this year as shoppers emerging from COVID-19 lockdowns splurged online or in retail stores.

Versace owner Capri Holdings Ltd, Coach owner Tapestry Inc and Louis Vuitton parent LVMH are some companies that have been able to offset slumps following lockdowns in global fashion capitals as demand in China rose.

Alibaba and Richemont will invest $300 million each in Farfetch, and $250 million each for a 25% stake in the joint venture, that will include Farfetch's marketplace operations in China.

Farfetch, which counts Alibaba competitors JD.com and Tencent Holdings Ltd among its investors, will be able to expand its reach to Alibaba's 757 million consumers.

Separately, Artemis, the controlling shareholder of Gucci-owner Kering, also plans to increase its stake in Farfetch, according to a joint statement.

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