Farfetch shares are more than a quarter down from where they were this time last week. And the reason? The company held a capital markets day Thursday and the cost of its ambitious plans didn’t please its investors.
Founded in Paris in 2013 by Sabrina Marshall and Sofia Bernardin, the high-end second-hand site welcomes Michael Dayan (ex-Showroomprivé), producer Darren Star and entrepreneur Shari Glazer to its capital.
After a first collaboration in 2020, the two brands have teamed up again in a project celebrating New York’s creative spirit, in partnership with Harlem's Fashion Row, an agency promoting black and Latinx designers.
Italian fashion group Prada is set to hire former Luxottica chief executive Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, as said by a source.
UK-based investment fund Peninsula and Italian retail group Percassi have bought a 40% stake in apparel and beachwear label MC2 Saint Barth, created by Italian company Lanikai, owned by Max Ferrari and Raffaele Noris.
Nearly 65% of the world's most wealthiest consumers intend to increase their luxury spending in 2023, especially for fashion in ready-to-wear and leather goods, according to a study by Kantar Insights and Altiant.