300
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
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H&M
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H&M
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Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
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ESTÉE LAUDER - BRAND
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Permanent · HONG KONG
CLINIQUE
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CLINIQUE
Senior Marketing Manager, Clinique
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TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
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AESOP
Retail Consultant
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NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters API
Published
Nov 6, 2020
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Alibaba, Richemont to invest $1.1 billion in Farfetch with focus on China

By
Reuters API
Published
Nov 6, 2020

Alibaba Group Holding Ltd and Swiss group Richemont will invest $1.1 billion (£837 million) in online luxury fashion retailer Farfetch Ltd and its new Chinese marketplace, as online demand for luxury goods booms in the Asian country.


Farfetch


Alibaba said on Thursday it will launch Farfetch shopping channels on its e-commerce sites Tmall Luxury Pavilion and Luxury Soho, while also investing in newly formed Farfetch China along with Richemont.

Farfetch's shares jumped about 9% in after-market trading.

The Chinese luxury market, which is expected to account for half of global luxury sales by 2025, has seen a strong recovery this year as shoppers emerging from COVID-19 lockdowns splurged online or in retail stores.

Versace owner Capri Holdings Ltd, Coach owner Tapestry Inc and Louis Vuitton parent LVMH are some companies that have been able to offset slumps following lockdowns in global fashion capitals as demand in China rose.

Alibaba and Richemont will invest $300 million each in Farfetch, and $250 million each for a 25% stake in the joint venture, that will include Farfetch's marketplace operations in China.

Farfetch, which counts Alibaba competitors JD.com and Tencent Holdings Ltd among its investors, will be able to expand its reach to Alibaba's 757 million consumers.

Separately, Artemis, the controlling shareholder of Gucci-owner Kering, also plans to increase its stake in Farfetch, according to a joint statement.

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