Farfetch is seeing fast-rising sales but its losses have widened as it continues to invest in growth and sacrifice profit ahead of an expected US IPO. That’s the main message from the accounts that were filed this week.
The online marketplace for independent boutiques has raised £10 million in a series A round of funding, and will use the investment to increase its number of listed shops and further develop the platform.
The British Fashion Council has announced the names of 45 finalists for The Fashion Awards 2017; with five finalists in each category, and few major surprises – with many creators nominated for a second time.
Wang is succeeded by Lisa Gersh, who previously served as CEO of Goop. The company also named Stephanie Horton the new Chief Strategy Officer and added Jonathan Miller and Tom Florio to the Board of Directors.