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Farfetch to skip scheduled earnings amid going-private reports

Clyde Edgerton by Clyde Edgerton
November 28, 2023
in Markets
Farfetch to skip scheduled earnings amid going-private reports
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Luxury fashion e-commerce company Farfetch Ltd. FTCH said late Tuesday it won’t announce its third-quarter financial results on Wednesday as scheduled, saying only it will provide a “market update in due course.” Shares of Farfetch rose 15% in the extended session after a 22% jump in the regular session. Earlier Tuesday, the Telegraph reported that the company’s founder Jose Neves was considering taking the company private and was in talks with top shareholders. Farfetch, which became public in 2018 and rode a wave of larger online sales during the pandemic, also said Tuesday that it won’t provide guidance, and that any…

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