Farfetch losses may have grown in Q3, but at its still-early development stage that's no shock. Losses aside, its Q3 report showed it surging ahead on sales and market share with enough cash to fund its lofty ambitions.
Driven by flagship label Moschino and its multi-brand channel, the Italian fashion group has announced strong growth in the first nine months of the year, reporting double-figure increases in both revenue and profit.
Confirmation of Carven's acquisition by Chinese group Icicle has been accompanied by the news that the French label will be able to keep on all of its current employees – all bar one: creative director Serge Ruffieux.
Party season collections are coming thick and fast at the moment and while much of the focus is on the mass-market (Halpern x Topshop, Ashish x Warehouse, Moschino x H&M), the luxury sector isn’t holding back either.