- Start
- Jan 31, 202490% CONFIDENCEfrom the source
Coupang Completes Acquisition of Farfetch's Assets
Coupang, the Korean e-commerce giant, completed its purchase of the assets of the collapsed online luxury platform Farfetch, providing $500 million of capital that rescued the business after financial troubles had forced Farfetch's delisting weeks earlier.
- Coupang completed its acquisition of the assets of Farfetch Holdings plc on 31 January 2024, providing access to $500 million in capital[1]
- The deal followed severe financial difficulties in late 2023 that had already led to Farfetch's delisting[2]
- Coupang said the acquisition would let Farfetch "pursue steady and thoughtful growth" by leveraging Coupang's operational and logistics expertise, while continuing to serve Farfetch's brand and boutique partners and more than four million customers[1]
Cost $500M
References 284% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%sec.gov/Archives/edgar/data/1834584/000183458424000002/cpng-01312024ex991.htmsec.gov· Posted Sep 25, 2026· Starts Jan 31, 2024 ✓· 50% of score
Coupang's own press release, filed as an SEC exhibit, is datelined "SEATTLE AND LONDON - JANUARY 31, 2024" and states the acquisition was completed that day; no time is given.
- [2]78%
Suggest a correction
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most.
Wilmar International
