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Farfetch Gets $250M to Build Out Luxury’s Digital Future

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Digital is increasingly the future of luxury fashion, and online platform Farfetch Ltd. got a $250 million vote of confidence from investors to fuel the next stage of growth. Tencent and Dragoneer participated in the investment, which will help Farfetch further grow its digital luxury fashion marketplace. “Tencent’s deep technology expertise and ongoing relationship with…

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