Following news that luxury online shopping platform Farfetch is in rescue talks with a private equity firm, sources close to the brand said it is hemmed in by its vast Ecommerce offering.
With Farfetch rumoured to be taken private amid a falling cash position, Drapers explores what’s behind the luxury etailer’s struggles and what impact they have on the rest of the luxury market.
By Andrea Figueras and Joshua Kirby Luxury group Richemont said it has no plans to invest further in Farfetch and could reconsider a deal with the e-commerce firm, amid speculation Farfetch.
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