Farfetch has hit something of a soft patch — and is on the outs with investors, again — but José Neves said the platform continues to be very much within the sweet spot of luxury growth and technology.
“We doubled this business within the last three years, so we grew greater than some other online luxury company or etailer,” Neves, who's founder, chairman and chief executive officer, told WWD in an interview. “Nobody doubled. Even probably the most successful brands haven’t doubled.”
But Wall Street is a really what-have-you-done-for-me-lately crowd and shares of Farfetch fell 11.3 percent to $8.11 on Friday after the corporate’s third-quarter gross merchandise volume slipped 4.9 percent to $967.4 million (a 4.2 percent increase in constant currencies) as...
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