Update: And in true old media fashion, the investment has now been
formally announced by Conde Nast itself, some 15 hours after the news broke. The investment will be used for Farfetch to enter into new markets (geographical and otherwise). Jos? Neves, founder and CEO of Farfetch notes: "This investment will fuel our entry to new markets while assisting our growth in existing ones. Our goal to build a unique curated global franchise in online designer fashion is brought several steps closer through the exciting involvement of Cond? Nast." The announcement was made by Jonathan Newhouse, chairman and CEO of Conde Nast International, a part of Advance Publications.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/Vq6y3IxC2sc/
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