Condé Nast Invests in E-Commerce

Showing confidence in the power of e-commerce and the importance of the internet, the publishing group Condé Nast will announce on Monday an investment in Farfetch, the website that's united individual luxury retailers with online shoppers. Condé Nast is the major player in the $20 million investment. James Bilefield, president of Condé Nast International Digital, and José Neves, founder and chief executive of Farfetch, are scheduled to spell out the details of the collaboration in Paris on Monday.