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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 Latest Watches After Patent LossUS Frackers Return to Haunt OPEC’s Pricing StrategyBP to Pause All Tanker Transits Through the Red SeaGulf Splits Hinder US Efforts to End Houthi Ship AttacksDocuments Reveal Hidden Problems at Russia’s Nuclear PowerhouseCoupang, wh ....

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South Korean retailer Coupang takes control of Farfetch

South Korean ecommerce group Coupang is to take over struggling online luxury retailer Farfetch for an undisclosed sum. ....

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Online luxury retailer Farfetch gets a $500 million lifeline

Left behind in the rescue deal from South Korea's Coupang is Farfetch's hope of buying its top rival ....

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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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Luxury brands brace for lacklustre Christmas amid sales slowdown

Spending on luxury goods remained negative in November, prompting fears of inventory pile-up over the main holiday season. ....

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