Revenues rise at Farfetch

The luxury retail platform reported a profit after tax of $769m (£572.3m), up from a loss of $537m (£400m) in the equivalent period last year. Adjusted EBITDA reached $5.3m (£3.9m), from a loss of $10.3m (£7.7m) in the same period in 2020. Its gross merchandise value grew from 89% in the second quarter of this year (April to June) to 97% in the three months to 30 September. This growth has been led by key markets including the US, China, the UK, Middle East, Germany and Russia, which have more than doubled in two years. Earlier this month, Farfetch confirmed…