Organizers confirm the 38-brand digital show will be followed by physical event in Shanghai.
With an addition $500 million USD combined in Farfetch China.
Rumors suggest that luxury conglomerate Richemont may aid in creating a Chinese venture.
Philippe Fortunato will take control of the massive conglomerate’s ready-to-wear and accessories business.
The world’s second-largest luxury conglomerate struggled with the global pandemic.