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Farfetch launches on China's Tmall


The move aims to help Farfetch plug into Alibaba’s 779 million consumers.
In November, it was announced that Alibaba and Swiss luxury goods group Richemont will invest $550m (£412m) each in Farfetch, for a 25% stake in the joint venture, that will include the etailer’s new marketplace operations in China called Farfetch China. Separately, Groupe Artemis, a Paris-based company with luxury investments among its holdings, will invest a further $50m (£37m) to increase its stake in Farfetch.
Judy Liu, managing director of Farfetch Greater China, said: “Tmall’s customers are now able to shop the broadest selection of luxury fashion online from their favourite luxury brands and boutiques, and find inspiration and incredible curation from all corners of the globe. They will now have access to almost 3,500 brands, the vast majority of which were not previously available on Tmall, as Farfetch’s storefront significantly expands the luxury category for Tmall’s loyal cust ....

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Salma Hayek Addresses Claims She Married Billionaire Husband For His Money


Salma Hayek Addresses Claims She Married Billionaire Husband For His Money
During the February 15 episode of Dax Shepherd s
Armchair Expert podcast, she was quick to shut down those who believed his vast fortune played a part in their relationship.
When I married him, everybody said, Oh, it s an arranged marriage, she married him for the money, she said.
I m like, Yeah, whatever, b tch. Think what you want: 15 years together, and we are strong in love, she pointed out.
You think because somebody s rich, [they] might not be a good person. Might be. materialistic, might be somebody that doesn t have values, might be somebody that is even stupid or that doesn t deserve it. In order to have a lot of money, you did it the wrong way, there s all this preconception. Salma added that she actually had all those perceptions when she first met François-Henri in 2006 and noted he was not her type, but said his personality stripped away her doubts. ....

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GOAT CEO Eddy Lu Talks International Expansion and Offering Consumers a Better Shopping Experience


GOAT CEO Eddy Lu Talks International Expansion and Offering Consumers a Better Shopping Experience
Peter Verry
Despite the coronavirus disrupting business, GOAT has found ways to win.
When speaking about the successes of 2020, Eddy Lu, the secondary market platform’s co-founder and CEO, offered insight to FN how last year was “the greatest year in GOAT history.”
More from Footwear News
For starters, the exec highlighted noteworthy openings of facilities in Atlanta and the Netherlands, the expansion of facilities in New Jersey and Hong Kong, and the debut of its first-ever campaign that launched in August during the NBA Playoffs. From a philanthropic standpoint, GOAT along with actor Michael B. Jordan and The Shoe Surgeon teamed up for a limited-time raffle benefitting GirlTrek, a public health nonprofit for African American women and girls. ....

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Groupe Artemis makes strategic investment in Goat Group


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Pic: PRNewsfoto/Goat Group
Goat Group, the global platform for the greatest products from the past, present and future, has secured a strategic investment from Groupe Artemis, the controlling shareholder of Kering, which is a world leader in luxury fashion. Goat will utilise the strategic investment to support its continued expansion in fashion apparel and new categories.
Groupe Artemis investment follows Goat s Series E funding round of $100 million announced in September 2020, which valued the company at $1.75 billion at the time.
Groupe Artemis is one of the most influential and prestigious investors in luxury fashion, and their investment is another important step as we double-down on our expansion in apparel and new categories, said Eddy Lu, co-founder and chief executive officer of Goat Group. As a strategic investor in Goat, Groupe Artemis will help us further accelera ....

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