Farfetch in talks to take company private
What: Farfetch is reportedly in talks to go private, as CEO José Neves is discussing the possibility with major shareholders, including Richemont, Alibaba, and JP Morgan since the company's stock price has fallen over 80% since its 2018 IPO.
Why it is important: Taking the company private may allow Farfetch to address its issue of declining sales and revenue without the scrutiny of institutional investors. This move would follow a trend of publicly traded e-commerce companies going private, such as Casper and Poshmark.
Details of the potential buyout entity remain unclear. Despite this uncertainty, investors seem optimistic, as Farfetch's stock rose over 22% following the news.
Related posts
UK consumers set to spend £9.52bn over Black Friday weekend says Vouchercodes
UK consumers set to spend £9.52bn over Black Friday weekend says Vouchercodes
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
2025: The year online commerce shifts
2025: The year online commerce shifts
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript