Farfetch Is Gaining Market Share in Fast-Growing Online Luxury Market
We are maintaining our $17.10Â fair value estimate for no-moat Farfetch after the company reported first-quarter results. Gross merchandise value increased 43%, continuing to grow faster than the online luxury market. Revenue increased 39% in the quarter with platform service revenue up 43% (we forecast around a 50% revenue increase for the year). Platform fulfillment revenue grew 23% as orders qualifying for free shipping increased, damping overall revenue growth.Active customer growth continu...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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