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Richemont Won’t Inject Cash Into Farfetch

Richemont, owner of jeweller Cartier, said on Wednesday it would not inject any cash into online luxury retailer Farfetch, following a report that the latter was exploring going private.
Farfetch reports disappointing sales and lowers its outlook for the full year by $500 million.
Farfetch reports disappointing sales and lowers its outlook for the full year by $500 million. (Shutterstock)

Farfetch founder Jose Neves is considering the move after a troubled New York Stock Exchange listing for the loss-making British company, and is working with advisers at JP Morgan, the Telegraph newspaper reported on Tuesday.

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