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Page 6 - Farfetch Platform Solutions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Coupang to Rescue Farfetch, Injecting $500 Million Into Troubled Firm

Coupang to Acquire Business and Assets of Farfetch Holdings

Is Luxury s Favorite E-Tailer About to Go Bust?

For more than a decade, Farfetch has been a global retail powerhouse, selling billions of dollars worth of coats, shoes, handbags and other luxury goods. But in recent months, the online platform, which was valued at more than $20 billion at its peak in 2021, has been fighting for its survival. Its share price has collapsed, rumors have been swirling that its founder is trying to take the company private and reports suggest it will need a lifeline of at least $500 million by the end of the year

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