Farfetch Limited (FTCH) Investors: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Farfetch Limited Class Action

Grand News Network | November 6, 2023

SAN DIEGO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Farfetch Limited (NYSE:FTCH) securities between March 9, 2023 and August 17, 2023. Farfetch, together with its subsidiaries, operates a global platform for the luxury fashion industry.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Farfetch Limited (FTCH) Misled Investors Regarding its Business Prospects

According to the complaint, defendants failed to disclose that: (i) Farfetch was experiencing a significant slowdown in growth in the U.S. and China; (ii) Farfetch also faced onboarding challenges impacting the launch of its Reebok partnership; (iii) Farfetch downplayed challenges it faced with respect to, and/or overstated its ability to manage, its supply chain and inventory; (iv) all the foregoing was having a significant negative impact on Farfetch's revenue and GMV growth; and (v) accordingly, Farfetch was unlikely to meet market expectations for its Q2 2023 financial results or its own FY 2023 revenue guidance.

Full story available on Benzinga.com


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