Richemont Says It Has No Plans to Invest in Farfetch, or Lend to It
Compagnie Financiere Richemont said that it has no financial obligations toward the luxury fashion e-commerce company Farfetch and doesn’t plan to lend to or invest in it.The Swiss-based luxury group’s release comes after Farfetch said late Tuesday that it wouldn’t publish its third-quarter results, which were due Wednesday. The company won’t provide forecasts at this time, and any prior guidance should no longer be relied upon, Farfetch said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8