According to the lawsuit, defendants made materially false and misleading statements regarding Farfetch’s business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that:

• Farfetch was experiencing a significant slowdown in growth in the U.S. and China;
• Farfetch also faced onboarding challenges impacting the launch of its Reebok partnership;
• Farfetch downplayed challenges it faced with respect to, and/or overstated its ability to manage, its supply chain and inventory;
• all the foregoing was having a significant negative impact on Farfetch’s revenue and gross merchandise value (“GMV”) growth;
• accordingly, Farfetch was unlikely to meet market expectations for its Q2 2023 financial results or its own FY 2023 revenue guidance; and
• as a result, the Company’s public statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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