On November 14, 2024, Farfetch's investors reject claims to dismiss a $2.4B securities fraud lawsuit. The plaintiffs allege misleading information by executives led to Farfetch's financial downfall and a plummet in stock value.

Farfetch, owned by Coupang, is closing its SaaS product Farfetch Platform Solutions. Once central to Farfetch's strategy, FPS is now discontinued as Farfetch grapples with a $105M loss in Q2 2024, shifting focus back to its core marketplace.

Despite a $121M fine and $105M loss, Coupang's Q2 2024 results were boosted by Farfetch, which brought in $460M, contributing to Coupang's $7.3B revenue. Coupang's strategy shows promise as Farfetch averaged 26M visitors, outpacing competitors.

Coupang's Q2 2024 results show a $105M net loss, a sharp decline from last year's $145M profit. This downturn was caused by Farfetch's $108M loss and a $121M fine for illegal search manipulation, hitting Coupang hard.

Farfetch investors have filed a new complaint, alleging the company misled them about financial health. They claim poor integration of acquisitions led to losses. The complaint, filed on June 21, seeks damages for these alleged violations.

Farfetch's AR branch Wanna introduces a virtual try-on solution for luxury bags, aiming to replicate the in-store shopping experience online. This tech allows customers to interact with, try on, and assess bags virtually, enhancing the decision-making process for high-value purchases.