Clothing & Shoes

Farfetch profits and sales drop as its brand platform suffers

The fashion retailer also reported that its gross profit also dropped from $267.m (£210.6m) in Q2 2022 to $242.9M (£191.1m) Q2 2023

Farfetch has revealed its revenues decreased to $572.1m (£450.1m) from $579.3m (£455.7m) during Q2 2023, representing a year-over-year decrease of 1.3%, according to its trading update for the second quarter ending June 2023.

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