Richemont Could Review YNAP Deal With Farfetch Amid Delisting Reports

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.