Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Farfetch plots expansion after new investment

Indie etail portal Farfetch is to ramp up its international expansion after receiving $20m (£13.3m) investment from Conde Nast International.

As part of the investment, James Bilefield, president of Conde Nast International Digital, will join the Farfetch board. 

Conde Nast chairman and chief executive Jonathan Newhouse said: “Farfetch has a unique position, connecting boutiques around the world by e-commerce to sophisticated fashion customers like our magazine readers and website users. It’s a natural for Condé Nast.”

José Neves, founder and chief executive of Farfetch, added: “This investment will fuel our entry to new markets while assisting our growth in existing ones. Our goal to build a unique curated global franchise in online designer fashion is brought several steps closer through the exciting involvement of Condé Nast.”

This latest investment follows on from an injection of $18m (£11.7m) in January last year.

At the time the business said it would use the money - from groups Index Ventures, Advent Venture Partners, and its first investor, eVenture Capital Partners – to strengthen its customer service, technology, online marketing, general business development, account management and logistics teams.

Existing investors Advent Venture Partners, Index Ventures and e.ventures also participated in the fundraising.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.