Foggy Tag

Farfetch started off with a quite simple proposition — and Wall Street loved it.  But while the e-commerce platform was once a darling and seen because the strongest access point for luxury online, the image has just turn into more complicated.  Years of acquisitions, recent initiatives and weaker-than-expected results have prompted investors to fall out of affection with Farfetch.  The stock all the time ran cold and warm, with investors scratching their heads over one deal — just like the acquisition of Off-White licensee Latest Guards Group — after which a number of months later rejoicing over market share gains or another advance. Recently, though, the trend has been steadily downward, with the corporate’s market capitalization sinking to roughly $620 million. That’s lower...