Farfetch To Buy Violet Grey For Undisclosed Sum

Farfetch Limited (FTCH), a British-Portuguese online luxury fashion retail platform, said on Friday that it will acquire luxury beauty retailer, Violet Grey. Financial terms of the deal have not been disclosed.

The acquisition comes ahead of the launch of beauty arm on the Farfetch marketplace, which is scheduled for later this year.

Commenting on the deal, Stephanie Phair, Chief Customer Officer, Farfetch said, "It will enable us to offer our informed and engaged customers a curated selection of the industry's most sought-after products on the Farfetch marketplace, joining a world of beauty brands, from the iconic leading global brands, to smaller brands with a cult following."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Asweets Global Inc. is recalling about 2,000 units of Wonder & Wise Activity Tables for potential risk of choking hazard to young children, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the screws of the tables can become loose and/or detach from the xylophone component of the activity tables to pose a choking hazard to young children. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a first-quarter net income of $286 million or $0.98 per share, sharply higher than $103 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $315 million or $1.08 per share, compared...
Follow RTT