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Why Farfetch Stock Was Climbing Today

TheMotleyFool

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Why Farfetch Stock Was Climbing TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png

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.

Source Fool.com

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