FTCH - Why Luxury Retailer Farfetch Shares Are Surging Wednesday | Benzinga

Farfetch Limited (NYSE: FTCH) shares are trading higher after reports emerged suggesting that the British luxury fashion site is in talks to secure emergency funding from Apollo Global Management, Inc. (NYSE: APO).

In fact, the company is in discussions with several parties about securing new financing, according to a news report by Sky News.

The company was recently in the headlines for attracting notable investment interest from Point72 Asset Management, L.P., and noted investor Steven A. Cohen, who reported owning 18.13 million Class A ordinary shares, representing a 5.1% stake in Farfetch.

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