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Tag: Farfetch
Farfetch Losses Weigh on Coupang in Q1
Coupang has taken Farfetch on — now it just has to dig itself out. The luxury e-commerce platform, which melted down last year and was scooped up by Coupang for $500 million in rescue financing, is still losing money. More from WWD But Farfetch is also still growing closer to becoming the self-sustaining business that it […]
South Korea’s Coupang to acquire online luxury retailer Farfetch
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korean ecommerce group Coupang has agreed to acquire Farfetch, providing a lifeline for the foundering luxury-focused online retailer that had been rushing to avoid insolvency. Investment group Greenoaks Capital Partners will also take part […]