Farfetch Sets Share Options Scheme for All Employees

SHARE AND SHARE ALIKE: Although Farfetch remains privately owned, it’s starting to adopt the style of a publicly quoted company. On Thursday, the fashion retail platform said all employees will be offered share options in the company through a new initiative called Farfetch For All. As of Feb. 1, a total of 1,300 people, from junior staff to executives across 11 offices globally, were included in the scheme.
“We have become one of only 200 private companies globally to have achieved a valuation of over $1 billion dollars. We are very proud of our achievements and want to reward our people who have helped to bring them to fruition,” said José Neves, chief executive officer and founder of Farfetch. “We are reinforcing this message to our people and rewarding all who have participated in this journey so far, as well as hoping to attract new talent who embrace these values as we look to the future.”
The incentive plan equates to an investment of $40 million, based on the latest company valuation. Farfetch said it was the single largest investment the company has made to date. Farfetch said the group, which includes global subsidiaries, offices and the business units of the Farfetch.com, Browns,

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02.02.2017No comments
Officials Defend Free Trade at Copenhagen Fashion Week

COPENHAGEN — In a context of mounting challenges to global free trade, Danish finance minister Kristian Jensen opened Copenhagen Fashion Week with a speech defending the globalized nature of the country’s apparel industry.
“Trade is unfairly being demonized,” Jensen said at an opening lunch on Tuesday that brought together designers and executives with buyers and press. “Trade barriers are what make people poorer, not globalization.”
Jensen pointed out the small-town seamstresses from his childhood had been replaced with a thriving design industry, while “globalization has given people all over the world the chance to participate.”
Just days after President Donald Trump’s administration removed the U.S. from the proposed Trans-Pacific Partnership and prepared to do the same with the proposed Transatlantic Trade and Investment Partnership (TTIP) with the European Union, the Nordic region’s biggest fashion week is shining a spotlight on a country and industry that has been transformed by globalization, and whose business leaders and center-right government show little interest in turning back.
The country of just over 5 million people exports roughly $96 billion in goods and services each year, including almost $4 billion in fashion, according to Dansk Fashion and Textile, a trade association. In contrast with other European markets like France and Italy, which have maintained significant production facilities for

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02.02.2017No comments
Lou & Grey Teams With ‘Hamilton’ Star Jasmine Cephas Jones

ACT TWO: Lou & Grey is making sure to keep Jasmine Cephas Jones — the actress best known for originating the roles of Maria Reynolds and Margarita “Peggy” Schuyler Van Rensselaer in Broadway musical “Hamilton” — extra busy since she took her final bow for the show in December.
The brand — a division of Ann Inc. — has tapped Jones as its latest collaborator for a collection of limited-edition tops and jewelry, the latter crafted with the help of Brooklyn-based jeweler, Winden. The sweats and T-shirts feature slogans such as “Love Will Conquer” and “Brooklyn Original.”
It was Jones’ first fashion design project.
“I honestly thought it was just going to be modeling, but after the first meeting with Lou & Grey, I realized they wanted to collaborate and base the project on who I am,” Jones explained. “After that, we just went for it. I wanted people to get a feel of who I am, so I thought music and Brooklyn was a great way to start.…We kept the comfy and cool Lou & Grey look with the addition of my inspirations and background.”
Jones cited her personal style as a mix of Sophia Loren’s and Lisa Bonet’s. “I love being comfortable

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02.02.2017No comments