Their disasterous purchase of a share of Geoffrey's mess appears to have been the hand that rocks the cradle
They spent 200 million for what?
Now they are trying to buy Net a porter using their failed stock..Taking out even more loans.. Their CEO and founder Jose Neves at least can dump this loan as their financial picture has changed .Nobody would even want a share of Neiman's despite Geoffrey's claim .One of so many falsehoods that can't even be called PR. Saw this on Neiman Marcus su-ks just now. The press doesn't report accurately on them very much if ever
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Geoffroy has no conscience. Wonder how the due diligence went - trust me he said!
If FarFetch had brains.It would sue Neiman to get their money back.
It bought a false set of goods.
They borrowed money to buy that share too while losing millions more ..who does that? So they will lose more than the 200 million...
A fool and his money are soon departed.
You Think Geoffrey cares how much they lose? Nope