Farfetch shares soar after $1.15 billion Alibaba, Richemont, Artemis investment
November 06, 2020 at 15:09 PM EST
Shares of luxury e-commerce retailer Farfetch Ltd. soared 11.1% in Friday trading after it announced a partnership with Alibaba Group Holding Ltd. and Cie. Financière Richemont S.A. that includes an expansion in the Chinese market and a $600 million investment.
