Coupang completes $500m rescue deal for Farfetch
Global ecommerce retailer Coupang has acquired Farfetch, injecting $500m (£394.8m) in emergency funding into the embattled luxury fashion retailer.
Farfetch said in a statement that the acquisition allows it to access the funding it needs to continue providing “exclusive brands and boutiques with bespoke, cutting-edge technology and giving leading designers access to consumers around the globe”.
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