Farfetch’s share price has fallen so low in recent months, some investors are betting that the world’s No.1 online fashion marketplace could be snapped up by a hungry investor. That could be a private equity firm, a big online player or a luxury group with deep pockets such as LVMH. Farfetch’s share price reached a high of $73 in Feb. 2021 and then fell off a cliff. Last year, it lingered at around $10-$15 before plunging further after the company’s capital markets day on Dec. 1. On Friday, the shares closed at $4.42.
Today, Farfetch is worth less than $1.8 billion, which is way below the $6.2 billion valuation it reached after floating in New York in 2018 at $20 a share. The London-based company has been penalized by a sell-off in technology stocks but also by investors’ loss of faith in its ability to generate significant profits in the future.
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A Year in the News 2021-2022 is a compilation of Miss Tweed's stories published online during its second year. Like the first yearbook, it is a limited edition. Hence, it is a collector's item. It is designed to celebrate the work of illustrator Claire Laude. Each illustration runs next to the first two paragraph of the story.
This book is a compilation of Miss Tweed’s stories during its first year. The digital revolution, the closely guarded secrets of LVMH, Richemont and Kering and the future of watchmaking are among the many topics Miss Tweed covered between the summer of 2020 and the summer of 2021.
Author and journalist Astrid Wendlandt conducted a four-year investigation vinto the
secretive world of fashion and luxury involving hundreds of interviews with top executives and
Comment l’industrie du luxe et de la mode, quasi-inexistante il y a quarante ans, est
devenue une puissance mondiale ? Dans cette anthropologie du glamour, la journaliste Astrid Wendlandt
épingle ses super-héros et analyse ses contradictions.