Farfetch Gains Glamorous Investors: Steven Cohen-Backed Point72 Makes Luxe Bet With 5.1% Share

Benzinga ·  12/02/2023 23:57

Farfetch (NYSE:FTCH), a prominent player in the luxury fashion industry, has attracted notable investment interest, as evidenced by a recent SEC filing. Point72 Asset Management, L.P., along with associated entities and noted investor Steven A. Cohen, reported owning 18,132,807 Class A Ordinary Shares, representing a 5.1% stake in Farfetch. Meanwhile, a news report emerged last month that claimed José Neves, the founder of Farfetch, was reportedly considering taking the company private. Currently holding a 15% stake and controlling 77% of the voting rights, Neves is collaborating with advisors from JP Morgan Chase & Co. (NYSE:JPM) to explore this potential shift, as reported

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