Farfetch sinks as analysts warn it is “no Uber of luxury goods”

Farfetch

Shares in online luxury fashion platform Farfetch were hit after analysts poured doubt over the future of the business and claimed it is “no Uber of luxury goods”.

In a damning research note, analysts at Bernstein warned Farfetch “burns cash too fast” and raised concerns it could be forced to plead with investors for refinancing.

Read the full article on The Daily Telegraph.