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Fashion tech firm Lectra posts higher Q3 operating profit despite market headwinds

French technology group Lectra reported an increase in operating profitability for the third quarter of 2026, supported by operational cost discipline and an expanding recurring revenue base. The board of directors, chaired by chairman Daniel Harari, reviewed the company’s unaudited consolidated financial statements for the third quarter and the...

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Business

Farfetch to shutter software service in strategic pivot

Farfetch, the luxury e-commerce platform now under Coupang's ownership, is reportedly ceasing operations of its Farfetch Platform Solutions (FPS), a once-flagship software-as-a-service product. This move, as reported by Business of Fashion, signals a strategic shift towards cost reduction and a renewed focus on its core marketplace business. The...

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