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Agenda-setting intelligence, analysis and advice for the global fashion community.

Farfetch Investors Form Group to Oppose Coupang Acquisition

A newly formed group of institutional investors with a massive stake in Farfetch is requesting immediate pay back on the company’s debts amid fear that a deal with Coupang will further erode the e-tailer’s value.
Two models in a Farfetch image.
Farfetch's investors are requesting immediate payback of debts and pushing back on its deal with Coupang. (Farfetech)

Farfetch’s financial stress continues only a month after finding its white knight.

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Further Reading

Farfetch Found Its White Knight. What’s Next?

The South Korean e-commerce firm Coupang has saved Farfetch from potential bankruptcy, and could use its logistical and marketing might to solve some of the luxury e-tailer’s seemingly intractable problems. But “everything stores” have a spotty track record when it comes to high-end retail.

Farfetch Sold to South Korea’s Coupang

The deal provides the online luxury giant with $500 million in emergency funding. A complex transaction that would have seen Farfetch acquire a 47.5 percent stake in Yoox-Net-a-Porter from Richemont is dead.

About the author
Malique Morris
Malique Morris

Malique Morris is Senior E-Commerce Correspondent at The Business of Fashion. He is based in New York and covers digital-native brands and shifts in the online shopping industry.

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