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.
Anthony Vaccarello, known for his rock-chic, asymmetrical looks, has renewed his contract with Saint Laurent for another three years, industry sources with first-hand knowledge of the matter told FashionNetwork.com.
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.
Gucci has sparked rumors that it is set to turn its attention to the beauty sector.The luxury Italian fashion house, which is part of the Kering conglomerate, has unveiled a new Instagram account, @guccibeauty.
Amsterdam-based Fashion for Good has announced the names of the 12 startups that will join its Plug and Play Programme, a twelve-week course with mentorship by its corporate partners such as Kering and C&A.