Farfetch Allegedly Hid Issues With Growth, Reebok Partnership

Farfetch Limited, an online luxury fashion platform, allegedly misled its investors for more than five months about a growth slowdown, as well as a brand partnership and supply chain issues, according to a proposed class action lawsuit.

The company and its top executives allegedly misrepresented the company’s growth in its two largest markets, the United States and China, while concealing challenges facing the launch of a partnership with Reebok International Limited. Farfetch also failed to disclose the negative impact of those factors on revenue until August 2023, when it disclosed a significant revenue shortfall, according to the complaint ...