Coupang Completes Acquisition of Farfetch's Assets
The Bower, 211, Old Street, St Luke's, Finsbury, London Borough of Islington, Greater London, England, EC1V 9NR, United Kingdom
Farfetch
CONFIRMED84% CONFIDENCECoupang's own press release, filed as an SEC[1] exhibit, is datelined "SEATTLE AND LONDON - JANUARY 31, 2024" and states the acquisition was completed that day; no time is given.
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.
$500M
1.00