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Farfetch Algorithm Staves Off ‘Material Impact,’ CEO Says

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Global luxury fashion technology platform Farfetch Ltd. is expecting a significant slowdown in gross merchandise value (GMV) as major global markets remain in lockdown, the company reported in its preliminary first-quarter financial results. While the platform has not posted revenue totals yet, it indicated that GMV—the total value of merchandise sold on the Farfetch marketplace—is…

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