Farfetch is understood to be considering the sale of fashion retailer Browns as it races to secure fresh funding.
According to WWD, the luxury group is exploring offloading the business it acquired in 2015 to help settle mounting fears it is teetering on the brink of collapse.
It follows reports that Farfetch was also looking at a take-private deal to stay solvent.
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Founder José Neves is said to be in discussion with top shareholders and JP Morgan to delist the business five years after it listed on the New York Stock Exchange.
The group, which is also attempting to tap existing stakeholders for investment, is said to have been in discussions with top stakeholder Richemont.
However, the luxury conglomerate said it had no plans to further invest in the company.
Richemont said it would like to remind its shareholders that “it has no financial obligations towards Farfetch and notes that it does not envisage lending or investing” into the business.
The business fueled reports that it was struggling when it said last week that it would not publish its quarterly financial results.
The company said that it “expects to provide a market update in due course”.
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