Farfetch’s IPO has been a success with its shares surging on Friday. And while investor enthusiasm can wane after the early burst of interest in headline-making IPOs, one shareholder looks to be in it for the long term.
Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.
Farfetch is rarely out of the news these days and on Thursday, as well as its link with The Modist for modest fashion, the company said that its buying and merchandising director Candice Fragis has left the company.
Farfetch will complete by the end of this week its much-anticipated initial public offering (IPO) on the New York Stock Exchange with a valuation of up to $4.8 billion if investors pile in to buy its shares.
We caught up with Phair this weekend in London to discuss her plans for the BFC; her take on the future of fashion; how Brexit might impact London designers and British brands; and the BFC’s new plans with Google.
Rarely has any fashion week felt like its success was riding on one brand. Yet that’s very much the mood entering the next edition of London Fashion Week, when all eyes will be on Riccardo Tisci's debut at Burberry.
There’s a new leader at the helm of Temperley London with the company naming Sally Hughes as its CEO with immediate effect. She replaces Patricia Sancho who has returned to her native Spain after five years at the firm.
Cartier maker Richemont on Monday named group veteran Jerome Lambert as chief executive officer, as the luxury goods group posted a 10 percent gain in the five months to Aug. 31 on strong Asia revenues.