RTTNews | Jun 29, 2021 11:27AM EDT

11:26 Tuesday, June 29, 2021 (RTTNews.com) - UK-based fashion accessory retailer Farfetch Limited (FTCH), is down 4% on Tuesday morning despite no stock-related news from the company to drive the shares.

On June 25, the founder, chairman, and CEO of the company, Jose Neves said that the tech companies do not exactly know the "desire, aesthetics and emotion" that drives the fashion retails. A former developer and footwear retailer, Neves claimed that every customer should be treated like a VIP, and "that's where we come in. All of the techs we build is for the benefit of the brands and the luxury customer."

The shares are currently trading at $51.04, up $2.52 or 4.71% from their previous closing value at $53.56 on Monday. The shares opened at $52.67 in the morning at in the 52-week period, the shares have moved between $17.12 and $73.87

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