Farfetch faces turbulence, postpones quarterly report as privatisation rumours emerge

Farfetch, the e-commerce platform founded by José Neves, has decided to postpone its quarterly report and related conference call with analysts. This move comes amid a challenging period for the company, marked by a significant decline in market capitalization from 26 billion dollars in 2021 to 740 million dollars. As has been well publicized, the stock has experienced a sharp drop of around 92 percent over the last five years, with a 73.5 percent percent decline in the past twelve months and 52 percent in 2023 alone. Farfetch's repositioning as a hybrid entity combining marketplace, physical retailer, tech-focused company, and proprietary brand may be contributing to its crisis.