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Farfetch (NYSE:FTCH) Downgraded by BTIG Research to Neutral

BTIG Research lowered shares of Farfetch (NYSE:FTCH – Free Report) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $5.50 price objective on the stock. A number of other research firms have also recently weighed in on FTCH. Piper […] ....

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Portolan Capital Management LLC Invests $7.60 Million in Farfetch Ltd (NYSE:FTCH)

Portolan Capital Management LLC acquired a new position in Farfetch Ltd (NYSE:FTCH – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,257,963 shares of the company’s stock, valued at approximately $7,598,000. Several other institutional investors have also made changes to their positions in FTCH. Eagle Bay Advisors LLC bought a […] ....

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Thursday newspaper round-up: BNPL, Saga, Farfetch

More than a quarter of adults in the UK will use buy now, pay later to help with festive spending, research suggests, with the proportion rising to more than half of parents with young children. The survey for Citizens Advice also found 11% of respondents used such credit schemes to pay for groceries, a proportion that rose to 35% for regular BNPL users. – Guardian ....

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Cartier owner Richemont won't inject cash into Farfetch, Retail News, ET Retail

Farfetch founder Jose Neves is considering the move after a troubled New York Stock Exchange listing for the loss-making British company, and is working with advisers at JP Morgan, the Telegraph newspaper reported on Tuesday. The company, in which Neves has a stake of 15%, declined to comment to Reuters on Wednesday. Richemont, which has a deal in place to sell its Yoox Net-A-Porter online fashion and accessories business to Farfetch said it was "carefully monitoring the situation." ....

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Farfetch Stock Hits All-Time Low Amid Richemont Episode, Delisting Reports

By Dean Seal Shares of Farfetch sank to an all-time low after the luxury group Richemont said it has no plans to invest further in the e-commerce company. ....

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