Why Farfetch Stock Was Climbing Today

Shares of Farfetch (NYSE: FTCH) were climbing today after the luxury fashion e-commerce company announced that it was in talks to expand its partnership with Richemont (OTC: CFRUY), the luxury goods holding company and parent of brands like Cartier, Piaget, and Montblanc.

As a result, Farfetch stock was up 18.5% as of 11:46 a.m. EST on Friday, while Richemont stock gained 11% after delivering a strong earnings report this morning.

Image source: Farfetch.

Continue reading

Source Fool.com