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
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins84% CONFIDENCEOverall confidence: 84%How well the pin's source and references back up its dates.Weighted average of how firmly 2 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or betterCoupang'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
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