• Farfetch Stock Falls to Record Low

    1 month ago - By Hypebeast

    Farfetch entered the New York Stock Exchange last year, with shares reaching a high of $30.58 USD on its first day of trading. WWD reports that this year the retailers stock has taken a significant hit, falling 4.8% to $8.89, a record low. This isn't the first time Farfetch's stock has fallen, with the acquisition of New Guards Group for $675 million USD leading to a near 40% fall, going from $18.25 USD per share to $10.10 USD in just under an hour and 20 minutes. Speaking to WWD at the time of this stock fall, founder José Neves said "I will not comment on stock prices. I never do. Our...
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  • Farfetch's Stock Falls to Record Low, but Can It Recover?

    Farfetch's Stock Falls to Record Low, but Can It Recover?

    1 month ago - By WWD

    What a difference a year can make.
    Around this time last year, José Neves, chief executive officer and co-chair of luxury platform Farfetch, was receiving an extremely warm welcome at the New York Stock Exchange, watching his company's shares soar to $28.45 during the company's first day on the public market.
    Now, just one day shy of the one-year anniversary as a public company, it's a very different story, with investors' feelings towards the company having chilled. The stock fell 4.8 percent Thursday to a record-low close of $8.89.
    So what went wrong for the one-time stock market darling...
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