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Fewer Promotions and More Active Consumers Helped Farfetch Narrow Q3 Loss

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Global luxury fashion technology platform Farfetch Ltd. outperformed Wall Street’s expectations, narrowing its third-quarter loss and posting higher revenue than the consensus forecast. In a Nutshell: The company beat its third-quarter guidance for digital platform gross merchandise value. Digital platform GMV for the third quarter was $420 million, representing a jump of 37 percent year-over-year and buoyed…

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