Pinho, Paulo Soares dePereira, Hélder Manuel Oliveira2025-02-192025-02-192024-11-282024-10-31http://hdl.handle.net/10362/179327Farfetch, once a pioneering force in the luxury e-commerce sector, saw its stock price soar to $73 during the COVID-19 pandemic, achieving a $24 billion market capitalization. However, external factors such as high inflation, rising interest rates, intense competition, geopolitical events, and supply chain disruptions contributed to its downfall. Internally, Farfetch faced persistent negative cash flows, high operating costs, and significant debt, resulting in severe financial distress. A $500 million bridge loan from Coupang and subsequent acquisition, caused substantial losses for shareholders and convertible note holders. This series of events raised concerns about transparency and governance within the company.engFinancial distressGovernanceE-Commerce - luxury fashion industryGrowth firmsDistressed firm valuationmaster thesis203867955