The luxury modest e-tailer, The Modist, has secured strategic investments from Farfetch and Annabel Investment Holding, the private equity firm led by Nicola Bulgari, Vice-Chairman of Bulgari Group. This significant move cements The Modist’s position as a key player in the global luxury e-commerce market with a focus on modest fashion.
Building on the successful partnership with Farfetch established last year, The Modist has expanded its reach globally by leveraging the Farfetch platform. The positive outcomes of this collaboration have likely influenced Farfetch’s decision to further invest in The Modist, recognizing the brand’s potential for continued growth and success in the luxury modest fashion segment.
Founder and CEO of The Modist, Ghizlan Guenez, expressed gratitude for the support and expertise received from Farfetch, highlighting the valuable guidance and experience that Nicola Bulgari will bring to enhance the brand’s presence in the luxury modest fashion industry.
José Neves, the Founder, CEO, and Co-Chairman of Farfetch, commended The Modist for its impressive business growth and expressed excitement about contributing to the company’s future progression.
The recent investments from Farfetch and Annabel Investment Holding come ahead of The Modist’s upcoming Series B funding round, marking a strategic milestone that also includes support from Vaultier7 and Chalhoub Group. In just two years since its establishment, The Modist has successfully catered to customers in over 120 countries, offering a curated selection of products from more than 180 designer and contemporary brands, including the brand’s own label, Layeur.
For more information, visit The Modist website and Farfetch website.
