British online fashion retailer Farfetch is mulling over expanding its reach in China, which accounts for 12 per cent of its total sales. To capitalize its share in the region, the company has raised US $ 110 million through funding – The Series F – led by Singaporean investment company Temasek, UK tech start-up Eurazeo, IDG Capital Partners, and Vitruvian Partners.
“This investment comes after strong inbound interest from investors, some of which we felt could really help Farfetch in our largest and fastest growing markets, or had exposure to marketplaces and luxury fashion,” asserted José Neves, Founder & Chief Executive Office – Farfetch, adding, “The vision for Farfetch was always to seamlessly integrate physical retail with digital platforms, which we have been doing since 2008, first starting with boutiques and 12 months ago adding brands to our global platform.”
Established in the year 2008, Farfetch is an international fashion website that trades products from 400 independent boutiques across the globe. It is headquartered in London, and subsidiary offices are based in cities like New York, Los Angeles, Guimarães, Porto, São Paulo, Shanghai and Tokyo.