Farfetch Archive

Where Have All the Unicorns Gone?

LONDON, United Kingdom — Privately-held start-ups valued at $1 billion or above were once as rare as unicorns, hence the label widely used for such companies in Silicon Valley and beyond. But in 2015, unicorns weren’t such an uncommon beast. In fashion alone, Warby Parker, Farfetch and Rocket Internet-backed Global Fashion Group earned a valuation of $1 billion or above for the first time last …

In Japan, Tapping the World’s Best Vintage

TOKYO, Japan — These days, vintage fashion is more popular than ever, driven by a growing consumer interest in unique products that signal individuality, as well as rising cost-consciousness and the storytelling value of vintage finds. Indeed, according to the annual resale report published by online consignment website ThredUp, the fashion resale market has grown 82 percent over the last three years, reaching $14 billion, and …