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Farfetch’s Sales Drop, Still Beats Expectations

Farfetch’s Sales Drop, Still Beats Expectations

Farfetch’s year-on-year sales decline continued in the final quarter of 2022 as the luxury e-commerce firm faced sustained geographic challenges in Russia and China. But the company expects new partnerships will help sales grow more than 10 percent in 2023, and reach as high as $10 billion by 2025.

In the fourth quarter of 2022, gross merchandise value — a measure of goods primarily sold through its online luxury marketplace — dropped…


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China’s ceasefire proposal for Ukraine gets quick dismissal

China’s ceasefire proposal for Ukraine gets quick dismissal

Kaiser Permanente downsizes regional HQ, relocates 1,200 employees to cut costs

Kaiser Permanente downsizes regional HQ, relocates 1,200 employees to cut costs