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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股價飆升至17個月來最好的一天，此前該公司確認了加強歷峯合作的談判
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%.

週五早盤交易中，Farfetch Ltd.的股價飆升16.5%，至三個月高位，此前奢侈品時尚行業平台證實，總部位於瑞士的奢侈品製造商Compagnie Financiere Richemont SA(CFR.EB)正在就擴大現有合作伙伴關係進行談判。談判內容包括法拉奇對歷峯旗下的Yoox Net-A-Porter業務進行少數股權投資。他説：“這基本上是一種合作。[法拉奇]與其最大的競爭對手一起，增加與品牌的談判籌碼，併為材料加油[商品總值/息税前收益]富國銀行(Wells Fargo)分析師艾克·博魯恰恩(Ike Boruchow)在給客户的報告中寫道。法拉奇的股票有望創下自2020年6月25日上漲19.4%以來的最大單日漲幅，上週五的成交量增加了820萬股，已經是全天平均成交量約370萬股的兩倍多。與此同時，歷峯在美國上市的股票躍升10.4%，逼近歷史新高。今年到目前為止，法拉奇的股價仍下跌了28.1%，而歷峯集團的股價飆升了61.4%，標準普爾500指數上漲了24.6%。

-Tomi Kilgore

--托米·基爾戈(Tomi Kilgore)

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