Shares of Farfetch plummet as the 2023 outlook is harmed by weak demand in the US and China.
Bloomberg) -As turbulent demand in the biggest two countries for the online luxury goods retailer, the United States and China, led a bleak yearly sales estimate, Farfetch shares fell nearly 40% to a record low on Friday. In what experts called a “very disappointing” second-quarter earnings report, Farfetch also missed revenue projections. This was a … Read more