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Condé Nast’s ‘Farfetch-ed’ investment is a ‘terrific windfall’ –

Condé Nast seems to have walked away from its investment in Farfetch Ltd. with a nice payday and a rare win in the turbulent world of e-commerce.

“It was the opposite of a fiasco,” said one source with knowledge of the Condé numbers. “It was a terrific windfall.”

Farfetch, which as of Tuesday had a market capitalization of $5.93 billion, had gone public in the US in 2018 and in the first six months of that year had racked up losses of $71.9 million on half-year revenue of $267.5 million.

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