RTTNews | Nov 12, 2021 10:51AM EST

10:51 Friday, November 12, 2021 (RTTNews.com) - Shares of Farfetch Limited (FTCH), an online marketplace for luxury fashion goods provider, are rising more than 16% Friday morning after the company said it is in discussions with Switzerland-based luxury goods holding company, Richemont, for a potential expansion of the existing Luxury New Retail partnership.

Farfetch said, they are discussing various options, including the leveraging of Farfetch Platform Solutions (FPS) to power Richemont's maisons and YOOX NET-A-PORTER (YNAP), the participation of Richemont's maisons in Farfetch's marketplace and a minority investment in YNAP by Farfetch.

FTCH is at $45.90 currently. It has traded in the range of $34.29- $73.87 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3242052/farfetch-rallies-as-talks-with-richemont-afoot-to-expand-luxury-new-retail-partnership.aspx)

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