1522 GMT - Richemont should be able to manage the impact of the failed deal with e-commerce company Farfetch, Deutsche Bank analysts Matt Garland and Adam Cochrane write. The Swiss luxury group won't complete the planned deal that included divesting half of YNAP, its own e-commerce business, in return for a minority stake in Farfetch. "For Richemont, we expect minimal near term operational issues given its Maisons have not yet transferred on to Farfetch Platform solutions," DB says. However, the uncertainty in finding an alternative deal for YNAP could lead to negative sentiment. Shares are down 0.6% at CHF119. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
December 19, 2023 10:23 ET (15:23 GMT)
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