Now Reading
Stock market: Farfetch loses 8% on Tuesday after closing its investment in Neiman Marcus

Stock market: Farfetch loses 8% on Tuesday after closing its investment in Neiman Marcus

View Gallery

 

Neiman Marcus Group announced the closing of Farfetch’s minority investment, but investors take a dim view of the latter’s gamble.

 

Neiman Marcus Group, the largest integrated luxury retailer in the U.S. and the parent company of Neiman Marcus and Bergdorf Goodman, announced yesterday, Tuesday, the closing of a $200 million minority common stock investment by Farfetch, the luxury e-commerce platform, and the signing of commercial agreements with Farfetch Platform Solutions (FPS). Proceeds from the transaction will be used to accelerate growth and innovation by investing in technology and digital.

See Also


 

[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Farfetch

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

COPYRIGHT 2021 LUXUS + ALL RIGHTS RESERVED

Scroll To Top