On Road to Autumn IPO, Farfetch Inks Middle East Deal(BoF)


Photo Illustration: Costanza Milano for BoF, Shutterstock

Photo Illustration: Costanza Milano for BoF, Shutterstock

The article first appeared on Business of Fashion.

LONDON, United Kingdom — Fashion “unicorn” Farfetch has entered into a joint venture with Chalhoub Group, one of the biggest distributors of fashion and luxury goods in the Middle East, an underserved e-commerce market with high growth potential.

The move puts Farfetch in all of the world’s key luxury markets and underscores its global ambitions. The company has raised over $700 million in funding and is seeking scale as it gears up for an initial public offering, which founder and CEO José Neves has called "the next financial milestone for the business.” He has been reluctant to lay out a specific timetable for the flotation but acc