Luxury Fashion Retailer Farfetch Approaches Bankruptcy Filing
With inflation causing the cost of living to rise at out-of-control rates, it’s hard to imagine spending thousands of dollars on luxury clothing and accessories. But with its most profitable year being relatively recent history in 2021, it might come to a surprise to some that the online retailer Farfetch is on the verge of bankruptcy. That year, Farfetch had a valuation of $20 billion. Now, the [...]