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The luxury fashion platform is seeing weakening demand in China and just closed its business in Russia.
Luxury-goods retail-platform operator Farfetch Limited (NYSE: FTCH) had quite the Memorial Day hangover on Tuesday, with its stock tumbling by almost 8%. Farfetch and Neiman Marcus Group -- the owner of the storied Neiman Marcus chain of high-end department stores -- announced that the former is making an equity investment in the latter. The two companies didn't specify what percentage of Neiman Marcus Group's equity this constitutes.