Coupang Finalizes Purchase of Troubled Farfetch – Footwear News
Coupang confirmed it has completed its purchase of Farfetch, saying a fresh $500 million in capital should keep the company running smoothly.
Source: footwearnews.com
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Top News In Farfetch Jos Today - Breaking & Trending Today
London Retailer Matches Latest to Go in Luxury E-commerce Fire Sale
Just 48 hours after Coupang rescued Farfetch, Mike Ashley's Frasers Group purchased the loss-making Matches at a discount price of 52 million pounds.
Source: wwd.com
The Clock Is Ticking at Farfetch
Industry sources say that if troubled Farfetch does not secure rescue financing in the coming days, it will have to call in administrators in the U.K.
Source: wwd.com
Farfetch Is Officially Exiting Beauty
Farfetch cut its outlook, and shares of the luxury platform dropped sharply in after hours trading as investors reset.
Source: wwd.com