Fitch Puts Surpique, Farfetch Acquirer, on Rating Watch Negative

Fitch Ratings placed Surpique Acquisition Limited, which bought the assets of fashion marketplace FarFetch, on rating watch negative, pointing to possible spillovers from the restructuring of its Italian subsidiaries.

• Fitch sees a risk of deterioration in credit profile given potential pressure on liquidity or the possibility the “current crisis” at its licensed business may lead to a form of default, according to a statement Thursday
• New Guards Group Holding S.p.A., which manages the group’s owned or licensed fashion brands, received a notice of termination of its license for the Reebok brand in the European market
  • Authentic Brands Group is ...