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News English — Asda

What has Walmart and Farfetch in common?

Asda China China Fashion Market Farfetch Luxury Value Fashion Walmart

What has Walmart and Farfetch in common?

The answer is: An interest in the Chinese online market. In June 2016 Walmart acquired a 5.9% stake in, the Chinese ecommerce marketplace listed on Nasdaq since 2014. In January 2017 Walmart had upped its stake in to 12.1%. In October 2016 Asda (owned by Walmart) and announced a collaboration to bring 'British authentic merchandise' to the Chinese market. In June 2017 acquired a minority stake in Farfetch with the two companies announcing a collaboration in the Chinese market, bringing authentic luxury goods to Chinese customers.   Questions: What do luxury brands really think of Farfetch's...

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