SAN DIEGO & LONDON--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP reminds shareholders that it is investigating whether certain officers and directors of Farfetch Limited (NYSE: FTCH) breached their fiduciary duties to shareholders. On August 8, 2019, Farfetch reported a larger-than-expected loss of $89.8 million for second quarter 2019. In addition to its disappointing financials, Farfetch announced a $675 million acquisition of New Guards Group and the resignation of its Chief Operating Officer. On this news, Farfetch's share price fell $8.12, over 44%, to close at $10.13 on August 9, 2019. Farfetch provides an online marketplace for luxury goods.
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