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Farfetch stock shoots up toward best day in 17 months after confirming talks to boost Richemont partnership

Farfetch stock shoots up toward best day in 17 months after confirming talks to boost Richemont partnership

Farfetch股价飙升至17个月来最好的一天，此前该公司确认了加强历峰合作的谈判
DowjonesNews MarketWatch ·  2021/11/12 11:32

Shares of Farfetch Ltd. (FTCH) shot up 16.5% toward a three-month high in morning trading Friday, after the platform for the luxury fashion industry confirmed that it was in discussions Switerland-based luxury goods maker Compagnie Financiere Richemont SA (CFR.EB) regarding an expansion of the existing partnership. The discussions included Farfetch making a minority investment in Richemont's Yoox Net-A-Porter business. "This would essentially team up [Farfetch] with its largest competitor, add greater negotiating leverage with brands and fuel a material [Gross Merchandise Value/Earnings Before Interest and Tax] ramp for the platform," wrote Wells Fargo analyst Ike Boruchow, in a note to clients. Farfetch's stock is on track for the biggest once day gain since it ran up 19.4% on June 25, 2020, and trading volume on Friday swelled 8.2 million shares, already well more than double the full-day average of about 3.7 million shares. Meanwhile, the U.S.-listed shares of Richemont jumped 10.4% toward a record. Farfetch's stock has still lost 28.1% year to date, while Richemont shares have soared 61.4% and the S&P 500 has advanced 24.6%.

周五早盘交易中，Farfetch Ltd.的股价飙升16.5%，至三个月高位，此前奢侈品时尚行业平台证实，总部位于瑞士的奢侈品制造商Compagnie Financiere Richemont SA(CFR.EB)正在就扩大现有合作伙伴关系进行谈判。谈判内容包括法拉奇对历峰旗下的Yoox Net-A-Porter业务进行少数股权投资。他说：“这基本上是一种合作。[法拉奇]与其最大的竞争对手一起，增加与品牌的谈判筹码，并为材料加油[商品总值/息税前收益]富国银行(Wells Fargo)分析师艾克·博鲁恰恩(Ike Boruchow)在给客户的报告中写道。法拉奇的股票有望创下自2020年6月25日上涨19.4%以来的最大单日涨幅，上周五的成交量增加了820万股，已经是全天平均成交量约370万股的两倍多。与此同时，历峰在美国上市的股票跃升10.4%，逼近历史新高。今年到目前为止，法拉奇的股价仍下跌了28.1%，而历峰集团的股价飙升了61.4%，标准普尔500指数上涨了24.6%。

-Tomi Kilgore

--托米·基尔戈(Tomi Kilgore)

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