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”.
Ghizlan Guenez, Founder and CEO of The Modist
“Ghizlan and the team have built an incredible business and it’s great to be a part of supporting the next phase of the company’s growth,” said José Neves, Farfetch Founder, CEO and Co-Chairman.
“We are very pleased to be part of The Modist, which is driving a niche, yet visionary expansion of luxury brands in the burgeoning world of ecommerce” said Nicola Bulgari.
These investments were secured ahead of The Modist’s Series B funding round and complete the strategic funding round that included Vaultier7 and Chalhoub Group.”
The Modist's Ramadan 2019 capsule collection
The business already has a close relationship with Farfetch. Back in September 2018, the Dubai-based digital boutique paired up with UK-based fashion platform to reach the modest fashion market internationally. The Modist's entire site is now accessible on the fashion giant's online store.
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