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Coupang To Acquire The Business And Assets Of Farfetch Holdings; Agreement Gives Farfetch Access To $500M Of Capital To Continue Providing Exclusive Brands And Boutiques With Bespoke Cutting-Edge Technology; Financial Terms Of The Transaction Were Not…

Coupang, Inc. (NYSE:CPNG), a leading global retailer, today announced plans to acquire the business and assets of Farfetch Holdings plc, a top online luxury company. This acquisition positions Coupang as a leader in the $400 billion global personal luxury goods segment.

CPNG

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“Struggling Luxury Fashion Site Farfetch In Talks About Apollo Rescue Deal; Apollo Global Management Is One Of A Number Of Third Parties In Talks About Providing Hundreds Of Millions Of Dollars In Emergency Funding To The British Luxury Fashion Site” -…

https://news.sky.com/story/struggling-luxury-fashion-site-farfetch-in-talks-about-apollo-rescue-deal-13029676 Farfetch, the British luxury fashion site, is in talks to secure emergency funding from Apollo Global

FTCH