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Farfetch Is Aiming for a $5 Billion USD Valuation
One year ago - By Hypebeast
Almost three years after being valued at $1 billion USD , London-based online retailer Farfetch is now aiming for a valuation five times hire in its IPO. According to sources, the company is set to begin interviewing bankers in the coming weeks to lead its New York-based IPO.
2016 saw Farfetch generate a revenue of almost $210 million USD, up 74% from the previous year, although the company also reported loses of $47.3 million USD during the same period. The last few years have been successful for Farfetch, with the online store purchasing London retailer Browns in 2015, before partnering...
Read more ...Norwest Venture Partners Closes $1.5 Billion Fund
One year ago - By WWD
Norwest Venture Partners - an investor in beauty and other consumer sectors - has closed a $1.5 billion fund.
The fund, Norwest Venture Partners XIV LP, is the firm's largest to date, and will invest in “disruptive and market-leading companies from seed to late-stage across consumer, enterprise and healthcare sectors,” the company said.
Norwest is an active investor in the beauty space, recently exiting professional skin-care brand PCA Skin via sale to Colgate-Palmolive. The firm also backs at-home hair color business Madison Reed.
Norwest's previous fund closed in January 2016 with $1.2...
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Fall Winter 2019 Backstage at Prada Photography by Giuseppe Triscari
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