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Farfetch Finds Rescuer With $500 Million Loans From Coupang

(Bloomberg) Farfetch Ltd. secured a lifeline from e-commerce company Coupang Inc., which agreed to lend $500 million, buy the assets and delist the troubled fashion platform’s shares.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossUS Frackers Return to Haunt OPEC’s Pricing StrategyApple Plans Rescue for $17 Billion Watch Business in Face of BanGulf Splits Hinder US Efforts to End Houthi Ship AttacksDocuments Reveal Hidden Problems at Russia’s Nuclear Powerhouse ....

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'Asian Amazon' Coupang rescues Farfetch with $500 million deal | News

South Korean e-commerce giant will provide a lifeline to the British luxury retailer founded by José Neves that had been seeking to avoid insolvency. ....

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farfetch: Farfetch to be acquired by Coupang for $500 million

Farfetch, which is based in London, was once feted as the most dominant force in luxury fashion. It went public on the New York Stock Exchange in 2018, and as consumers and luxury brands flocked to the site, its value shot up, reaching more than $23 billion at its peak in 2021. ....

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Farfetch Bought in Emergency Deal by South Korean Retailer Coupang

The e-retailer will receive $500 million in emergency funding and will be taken private. ....

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