Farfetch Stock: $FTCH $1.1 Billion Deal w/ Alibaba + Swiss Luxury Group Richemont
News has come out that Farfetch, as part of a newly formed global strategic partnership, will receive a $1.1 billion investment from Chinese eCommerce goliath Alibaba and Swiss luxury brand group Richemont. Alex talks about what this massive deal means for the London-based luxury fashion platform and explains how this deal has value in both building enterprise value and strategic synergies.
This is an excerpt from episode 124 of Winner Take All. Watch the full episode here: youtu.be/iqRGRh1ymxk
Originally Aired: 11/12/20
#Luxury #TechStock #Fashion
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