Farfetch seeks fresh funding to avoid collapse

Farfetch is racing to secure fresh funding as it teeters on the brink of collapse.
The luxury ecommerce platform is exploring several strategic options, including a possible take-private sale, to stay solvent, The Business of Fashion reported.
Farfetch has £2.2m ($2.8bn) in financial obligations, which include £792m ($1bn) in loans and a £158m ($200m) credit facility it took out in September.
The New York-listed business cancelled its quarterly earnings report last week and sai