Richemont Says It Has No Plans to Invest in Farfetch, or Lend to It


Compagnie Financiere Richemont said that it has no financial obligations toward the luxury fashion e-commerce company Farfetch and doesn’t plan to lend to or invest in it.

The Swiss-based luxury group’s release comes after Farfetch said late Tuesday that it wouldn’t publish its third-quarter results, which were due Wednesday. The company won’t provide forecasts at this time, and any prior guidance should no longer be relied upon, Farfetch said.

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