Why Is Farfetch (FTCH) Stock Soaring Today : vimarsana.com

Why Is Farfetch (FTCH) Stock Soaring Today

Shares of online luxury marketplace Farfetch (NYSE: FTCH) jumped 18.1% in the afternoon session after reports suggesting founder, José Neves, is considering taking the company private. According to The Telegraph, Neves is reportedly talking to bankers and major shareholders. Chinese e-commerce giant Alibaba and Swiss luxury conglomerate Richemont are said to be tentatively backing the move. The stock is likely trading higher due to the potential for shareholders to be paid a premium over the mar

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