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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.

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