farfetch

singles-day-sale

Luxury retailer discounting on Singles’ Day: Will they do it again on Black Friday?

Earlier this week I wrote an article on Econsultancy about Black Friday and whether UK retailers will abstain or get involved with the American inspired retail holiday.

Well, like in politics, a week is a long time in retail. Today might be Armistice Day in Europe, and a day of sombre reflection, but in China it’s the wildly popular Singles’ Day sales frenzy.  

farfetch announces $18m round of funding

 farfetch.com, the marketplace for independent fashion boutiques, has today announced a further $18m in funding.

Taking the total backing to almost $25m, the company has also appointed Index Venture’s Robin Klein to its board of directors. This adds to Klein’s current roles at StylistPick, MyBuilder and Wonga.