(Adds details from report and shares)
Nov 28 (Reuters) - Online luxury retailer Farfetch's
founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday.
Neves is said to be working with advisers at JPMorgan, the report said, adding that he retains a 15% stake but holds 77% of the voting rights through a dual-class share structure.
Shares of the company edged 20% higher following the news. The stock has fallen about 64% so far this year.
The move is believed to have the tentative backing of major backers including Chinese e-commerce giant Alibaba and Swiss luxury conglomerate Richemont , the report added.
Farfetch did not immediately respond to a Reuters request for comment.
(Reporting by Juveria Tabassum and Annett Mary Manoj; Editing by Maju Samuel and Shilpi Majumdar)