Fashion retail's winners and losers in 2023
From soaring sales to devastating losses, Drapers reviews which businesses have won big in 2023 and which have been watching their bottom lines with trepidation.
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From soaring sales to devastating losses, Drapers reviews which businesses have won big in 2023 and which have been watching their bottom lines with trepidation.
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.
Richemont said it has “no financial obligations" towards Farfetch, which may become private, and does not envisage lending, investing in the company.
A pricey acquisition seems to be changing some minds about the fashion retailer.
Europe's competition authority had been expected to wave through the deal after it was approved in the U.K., and other regions, earlier this year.