Why fashion darling Farfetch's value plummeted by $2b

Almost a year ago Farfetch’s 20-strong top team posed happily outside the New York Stock Exchange on Wall Street. Later that Friday they shared photos and videos on social media, including its co-chairman and fashion guru Natalie Massenet, with the hashtag “fashiongoespublic”. The London tech darling had raised $885m (£722m) from investors at a staggering $6.2bn valuation. That’s quite a feat for a company that has been loss-making since it was founded by Portuguese-born entrepreneur José Neves in 2008. Click here to read the full article (£)

Access the full EG article for free

Register now and read two complimentary EG articles in full every week and discover why EG’s trusted real estate intelligence is essential for your business

Already a subscriber or registered user? Sign in