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In December 2023, Farfetch’s habit of losing money pushed it to the brink of bankruptcy. A year later, the London-based luxury e-tailer reached a profitability milestone.
In the final quarter of 2024, Farfetch’s adjusted earnings before interest, taxes, depreciation and amortisation reached $30 million, up from a $34 million loss during the same period in 2022. (The company stopped reporting earnings in the second half of 2023).
That bottom line boost is expected. Coupang, the South Korean…
