×
310
Fashion Jobs
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TAKSHAKA INTERIORS
Req. Production Manager/Executive -Wood Furniture
Permanent · Gurugram
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
SKYNET OUTSOURCING SERVICES
Production Manager Api Industries-Bharuch,Ankelshwar Location
Permanent · Bharuch
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
By
Fibre2Fashion
Published
May 9, 2016
Reading time
3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Global e-commerce marketplace Farfetch raises $110 mn

By
Fibre2Fashion
Published
May 9, 2016

London-based e-commerce marketplace Farfetch announced it has completed a $110 million Series F round of investment. The round was led by new investors Temasek, IDG Capital Partners and Eurazeo with existing investor Vitruvian Partners also participating in the round, Farfetch said in a press release.


Farfetch announced it has completed a $110 million Series F round of investment.



This round of investment, advised by Qatalyst Partners, follows a very strong growth path for Farfetch, which grew total transaction value more than 70 per cent in 2015, to more than $500 million.

Alexandre Quirici, Partner at IDG Capital Partners commented, "We are excited to back José and his team in the company's next stage of development internationally. We are particularly excited about the growth of Farfetch in China where we hope to help them achieve even greater success."

The funds will primarily be used to continue the expansion of the company's proprietary technology platform, to establish it as a leading omni-channel platform for both boutiques and brands globally and to further develop this offering for the global fashion industry; as well as consolidating a leadership position in China, Farfetch's second largest market, Japan and other APAC countries.

China itself represents 12 per cent of the company's sales with APAC collectively representing a further 14%. These new strategic investors will provide insights, networking and support, driving continued growth in these markets. Farfetch also welcomes the expertise which will come from Eurazeo's knowledge of luxury fashion and marketplaces.

José Neves, Founder and CEO of Farfetch remarked, "The vision for Farfetch was always to seamlessly integrate physical retail with digital platforms, which we have been doing since 2008, first starting with boutiques and 12 months ago adding brands to our global platform. This investment comes after strong inbound interest from investors, some of which we felt could really help Farfetch in our largest and fastest growing markets, or had exposure to marketplaces and luxury fashion."

Virginie Morgon, Deputy CEO of Eurazeo, declared: "We were enticed by the Farfetch model which covers the sectors in which we have already gained a solid foothold: digital technology, luxury goods and brand names. In addition to its international profile, multi-channel model and its perfect understanding of the rules governing the luxury goods industry, we were very impressed by the company's ground-breaking business model and the quality of its implementation, particularly from a technological perspective.”

Significant developments to the Farfetch business over the past year include expanding the site's roster of retail partners to include direct contracts with brands in March 2015, with over 75 global brands now selling through the platform; acquiring London-based boutique Browns in May 2015 in order to create a retail-tech incubator in which to develop innovative customer experiences; and developing Farfetch Black & White, the white label platform solution, that launched its first client site ManoloBlahnik.com in March 2016.

In addition to the Series F, Farfetch also put in place a secured $50 million Growth Capital Loan Facility with TriplePoint Venture Growth BDC Corp. in March 2016. Neves added "This additional facility demonstrates the strength of the Farfetch business model, as well as confidence in future development plans."

Copyright © 2023 Fibre2Fashion. All rights reserved.