Farfetch Acquires London Retailer Browns as it Works to Reinvent Luxury Shopping
Back in March, online marketplace Farfetch raised $86 million from a host of investors like Condé Nast International and DST Global, with the stated intention of expanding its presence worldwide while developing its brick-and-mortar touchpoints through its click-and-collect service. Turns out the e-commerce startup is building out its real world presence in more ways than that. On Tuesday, Farfetch announced that it's acquired the 45-year-old London retailer Browns, a family business that carries brands ranging from up-and-comers (J.W. Anderson) to well-established labels (Saint Laurent, Valentino).