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Fashion

Farfetch’s Jose Neves urges against luxury discounts

Chief executive officer and founder of Farfetch Jose Neves advised luxury brands to stop offering discounts at department stores. Neves shared this advice with a gathering of c-suite level executives at the New York Times International Luxury Conference, which took place in Hong Kong last week. Neves argued that the common approach of department...

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BusinessFeatured

JD.com invests 397 million dollars in Farfetch

London-based luxury marketplace Farfetch has received 397 million dollars in investment from JD.com to open the “ultimate gateway” in China to create a platform to bring luxury e-commerce to its 80 billion dollar market. The deal with China’s largest retailer will see Farfetch leveraging JD's logistics, Internet finance and technology...

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