{"id":162011,"date":"2019-08-09T16:43:44","date_gmt":"2019-08-09T16:43:44","guid":{"rendered":"https:\/\/theindustry.beauty\/farfetch-plunges-40-over-deal-to-buy-off-white-fashion-brands-owner\/"},"modified":"2021-08-12T14:03:45","modified_gmt":"2021-08-12T14:03:45","slug":"farfetch-plunges-40-over-deal-to-buy-off-white-fashion-brands-owner","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/farfetch-plunges-40-over-deal-to-buy-off-white-fashion-brands-owner\/","title":{"rendered":"Farfetch plunges 40% over deal to buy Off-White fashion brand\u2019s owner"},"content":{"rendered":"<p>The streetwear clothing brand Off-White counts the celebrities Beyonc\u00e9 and Kylie Jenner as fans, but Farfetch investors were less enthused after the online luxury retailer surprised the market with a $675 million deal to buy the fashion brand\u2019s owner.<\/p>\n<p><!--more--><\/p>\n<p>Shares in Farfetch tumbled by as much as 40 per cent last night in New York as shareholders reeled at the move, which pushes any hopes of the company turning a profit further out into the future. The shares started to recover after the heavy sell off by 5 per cent, or 88c, to $18.25 in after-hours US trading.<\/p>\n<p>Read the full story on <a href=\"https:\/\/www.thetimes.co.uk\/edition\/business\/farfetch-plunges-40-over-deal-to-buy-off-white-fashion-brands-owner-8xtbwhnls\"><em>The Times<\/em><\/a> [paywall].<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/farfetch-plunges-40-over-deal-to-buy-off-white-fashion-brands-owner\/\">...<\/a><\/p>\n","protected":false},"author":44,"featured_media":135308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[9921,9922],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Farfetch plunges 40% over deal to buy Off-White fashion brand\u2019s owner - 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