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Farfetch bets on resiliency of luxury market as it addresses Q3 financial performance

Online fashion retailer Farfetch is in the midst of restructuring as it aims for profitability in 2023. Image credit: Farfetch Online fashion retailer Farfetch is in the midst of restructuring as it aims for profitability in 2023. Image credit: Farfetch

 

Despite the difficult worldwide market, online fashion retailer Farfetch saw a 1.9 percent year-over-year increase in its third-quarter revenue to $593.4 million.