What’s going on? Burberry is feeling so optimistic about the luxury industry that it lifted its sales forecast for Q1/2021. What does that mean? The pandemic is thought to have overwhelmed luxury retailers like Burberry. But as China and South Korea is starting to spend lavishly again, Burberry’s expecting sales to be up by nearly 1/3…
Tag: luxury
Ep 99: Farfetch Raises $250M To Grow Luxury Fashion Platform
What’s going on here? Farfetch, a luxury technology platform, has raised $125 million from Tencent and $125 million from Dragoneer through the sale of convertible senior notes. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. The journey ahead Farfetch will use the capital to…
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