London-based luxury fashion site Farfetch seeks New York share float

The loss-making fashion technology company, which connects brands including Chanel, Gucci and Balenciaga with wealthy young consumers, was started a decade ago by Portuguese entrepreneur Jose Neves.It secured $397m (£314m) from Chinese e-commerce giant JD.com last year, valuing Farfetch at more than $1bn.With luxury brands slow to develop their own online presence, Farfetch hopes to take a bigger slice of the $307bn global market for personal luxury goods.