Condé Nast International (Glamour, Vogue, Vanity Fair) has been issuing press releases about it's e-commerce investments on an almost weekly basis.
Yesterday saw a further investment of $20 million for farfetch (“A new way to shop for fashion”). Germany's e.ventures also participated in the funding round:
"Condé Nast International has led a $20m investment in farfetch, the world’s leading e-commerce marketplace for independent fashion boutiques; it was announced today by Jonathan Newhouse, Chairman and Chief Executive.
Existing investors Advent Venture Partners, Index Ventures and e.ventures also participated in the fundraising."
A good year ago, farfetch had raised $18 million, bringing the total to date to $44 million.
Last week, Condé Nast got on board with Berlin based designer shop Monoqi:
Since Monoqi‘s launch in 2011, the curated online shopping platform has kept a relatively low profile. Today the Berlin-based startup has announced a strategic partnership with publishing juggernaut Condé Nast
Additionally, Condé Nast Germany is the startup’s largest shareholder with a 26 per cent stake in the young company, which offers users upmarket Fab-style flash-sale shopping.”
The day before, Condé Nast stocked up their investment in the Munich based online jewelry store, RenéSim to 46%:
“We are looking specifically for innovative young enterprises with whom we can make an active and sustainable contribution to value growth.” (translated)
With publishing houses however, it isn't clear if they will be contributing real or virtual money (aka: media volume).
The New York Times has produced a detailed background report ("Condé Nast Invests in e-Commerce").
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
Wonderful informations here ! Did you search for and discover these on your personal or is there a supply link I can go to verify out other people.
Posted by: php application development | 03/07/2013 at 12:10 PM
Superb Post! Thanks to share a great information.
Posted by: CTO Chief Officer | 03/15/2013 at 07:53 AM
Great blog...
Posted by: Johnmuke | 03/29/2013 at 08:42 AM
Conde Nast making some moves. Interesting.
First Monoqi's shopping interface, now farfetch.
Interesting to see the moves, but I am much more interested in how they will incorporate it into their brand. Ecommerce isn't going anywhere so it is nice to see these moves that will hopefully lead to a great shopping experience in the future.
Posted by: Erick Gonzales | 04/21/2013 at 07:56 PM
I really hate Ebay and Paypal, they put me out of business because I wouldn't sign up for their Paypal Mastercard. They shut me down and I have perfect feedback for over 8 years. I knew something was up when they sent me an email telling me they were going to limit my selling account because I was selling way too and making a lot of money. Their excuse was that they wanted to give me a chance to examine my business so that it didn't grow too fast. They kick people off when competition apparently steps on the toes of higher selling accounts. http://www.ebayblows.org is a great site..
Posted by: ebayisajoke | 04/28/2013 at 01:09 AM
Too much interesting stuffs. I just came here while i search out some interesting things from internet.
Posted by: PSD to wordpress India | 05/08/2013 at 01:09 PM