Betaville

UNCOOKED ALERT: Farfetch said to ... - Part 4

Ooof!

Shares in Farfetch, the US-listed online fashion retailer, collapsed 50pc the day after they went up 20pc on the story from The Daily Telegraph about the founder's plot to take the company private.

What caused yesterday's collapse in the share price?

Well, it appears to be a combination of the company delaying its third quarter figures statement and Compagnie Financiere Richemont, the Swiss luxury goods giant, publicly saying it wouldn't pump anymore money into the ailing business...