297
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
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
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
Published
Jan 30, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Farfetch gets $250m investment to accelerate China growth

Published
Jan 30, 2020

Luxury platform Farfetch has raised $250 million from Tencent, the Chinese technology pioneer, and San Francisco-based investment firm Dragoneer to support its growth plans in China.


Farfetch


Tencent and Dragoneer are each investing $125 million in convertible senior notes issued by Farfetch.

The London-based fashion company said the deal supports its long-term strategy of delivering a global technology platform for the luxury fashion industry. It also expands the retailer’s partnership with Tencent as it sharpens its focus on the Chinese market. 

It currently offers more than 80 luxury brands on Tencent’s WeChat, including Moncler, Balenciaga, Saint Laurent, Armani and Ralph Lauren

The new investment underlines the importance of the Chinese market. It may be struggling to a certain extent at the moment given the disruption in Hong Kong and the tragic coronavirus outbreak, but in the long term, it remains on course to be the largest luxury market globally.

José Neves, Farfetch founder and CEO, welcomed Tencent and Dragoner to the company’s investor base. “Tencent’s deep technology expertise and ongoing relationship with Farfetch, paired with Dragoneer’s expertise in supporting growth-oriented technology companies, makes both investors outstanding partners to support Farfetch’s next chapter of growth.”

Martin Lau, president of Tencent, added: “We are excited to build on our cooperation with Farfetch and support the company as it accelerates its growth in China and enhances its customer experience and offerings in the region.”

As a leading Western shopping platform, Farfetch is keen on growing in the largely-untapped Chinese market to drive more growth and get closer to profitability. 

Farfetch also has a partnership with JD.com, one of China’s largest e-commerce companies.

Copyright © 2024 FashionNetwork.com All rights reserved.