Richemont Could Review YNAP Deal With Farfetch Amid Delisting Reports


Updated Nov. 29, 2023 5:19 am ET

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 may be taken private by backers that include China’s Alibaba.

“Richemont would like to remind its shareholders that it has no financial obligations towards Farfetch and notes that it does not envisage lending or investing into [it,]” the Cartier-owner said Wednesday.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source link

Related Articles

Back to top button