UAE's The Modist secures investment from Farfetch and Nicola Bulgari
Source: Harper's Bazaar
Luxury e-tailers The Modist, who already counts Vaultier7 and Chalhoub Group as investors, has confirmed strategic investments from Farfetch and Nicola Bulgari, vice chairman of Bulgari Group.
The partnership aims to “bringing together market-leading industry, VC and technology players to guide The Modist journey,” according to Nicola Bulgari.
“We are delighted to welcome Farfetch, an invaluable player in the world of luxury and innovative technology and look forward to continuing our journey of growth with their support and expertise,” said Ghizlan Guenez, founder and CEO of The Modist. “Equally, Mr. Nicola Bulgari values excellence in the needs of the evolving luxury consumer and we are thrilled to have his guidance and vast experience, thereby reaffirming our positioning in the rapidly evolving luxury modest fashion space”.
