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Travel Restrictions Play Big Role in Farfetch’s 25% Q1 GMV Boost

Join the U.S. Cotton Trust Protocol webinar on July 15 at 11 am ET to learn about the findings of a COVID-19 and sustainability survey and how the protocol aids better transparency and reporting.

Although Farfetch doesn’t officially report earnings until August, the online luxury fashion marketplace gave a preview of things to come with a refreshingly positive guidance update that expects the company’s digital platform gross merchandise volume (GMV) to jump between 25 percent and 30 percent, ahead of last quarter’s 19 percent increase. At the Wells Fargo…

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