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BBRYF - Farfetch: One Of The Most Attractive Growth Plays From The Luxury Goods Segment
Burberry Group plc
Although the luxury goods industry will suffer immense losses due to the pandemic, as its sales are expected to be down 35% Y/Y in 2020, online marketplaces like Farfetch (FTCH) will be able to thrive in the current environment. As one of the biggest online luxury goods marketplaces in the world with more than 2 million active users, Farfetch is now on track to achieve profitability next year thanks to a strong performance in Q1. By narrowing its loss in the first three months of 2020, we could safely say that COVID-19 is