Suzy Ross: ‘Why the market is more forgiving of Farfetch’s losses than those of M&S’
Just a few months before Marks & Spencer reported its first loss as a public company, Farfetch disclosed a quarterly loss of a much greater magnitude than M&S’ £88m.
The justification is usually focused on Farfetch being valued as a technology business, but the market is also emboldened by the disclosure in its pre-filing of certain key customer metrics that give investors confidence in its long-term profit potential.
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