Farfetch, An Online Marketplace For Designer Fashion Boutiques, Raises $66M
Adam Rifkin stashed this in Couture
Based in London; big in Brazil and China.
Launched in 2008, Farfetch.com is an e-commerce site that brings independent fashion boutiques from Europe and North America under one roof. The site curates a network of online boutiques from designer brands like Fendi, Gucci, and Chloé as well as from emerging designers. Currently, more than 300 boutiques, from Paris, New York and Milan to Bucharest, Helsinki and Honolulu list on the site, which offers clothing for both men and women.
The company says it is seeing annual sales of $275 million and year-on-year growth of 100 percent.
Prices are designer too, not my store! lol
That's why I find it fascinating they're growing so much.
In this economy these prices repel many consumers.