I think you will find that Cettire sent Farfetch bankrupt.
I remember listening in to Farfetch conference calls as Cettire got going... and they started mentioning Cettire in their calls but had no response as they had hired too many people.
Koupang is cutting costs out of Farfetch, but they are structurally still a different business model to Cettire.
Look for Cettire to grab the margin on offer when Farfetch exits to a shell of itself.
CTT Price at posting:
$1.30 Sentiment: Buy Disclosure: Held
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