Online fashion retailer Farfetch plans stock market flotation

London-based marketplace that targets luxury market to list in New YorkLondon-based online fashion retailer Farfetch is to float on the New York Stock Exchange as it seeks to capitalise on rapid growth in luxury sales on the web.Competition to capture online shoppers has picked up among premium brands in recent years, pitting conglomerates such as Louis Vuitton owner LVMH against independent operators as some firms scramble to make up for a slow move into e-commerce. Related: Mulberry warns Hous