Earlier, Farfetch Limited (FTCH
) announced that it has launched a flagship store on JD.com (JD), which it notes is a strategic investor in Farfetch.
Citron, best known for making bearish calls on stocks, believes Revolve is a "much better business than Farfetch (FTCH
) on all facets." Despite Revolve generating an 8% to 9% operating margin while Farfetch is "highly unprofitable," applying Farfetch's 2018 current multiple to Revolve would value the stock between $63 and $64, Citron said in a report posted on its website.
), Home Depot (HD), Lovesac (LOVE), Nike (NKE), Zuora (ZUO), Burlington Stores (BURL), and Facebook (FB) saw positive mentions in this week's edition of Barron's.
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) and JD.com (JD), China's largest retailer, today announced the expansion of their strategic partnership in order to provide the 'Premier Luxury Gateway to China' for luxury brands.
Shares of Farfetch (FTCH
) rose after the company announced an agreement to acquire sneaker and streetwear marketplace Stadium Goods.
One of those was Irish FTCH
Rockenhart Voyager MH, a.k.a.