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Farfetch Sold to South Korea’s Coupang

The deal provides the online luxury giant with $500 million in emergency funding to continue operating. A complex transaction that would have seen Farfetch acquire a 47.5 percent stake in Yoox-Net-a-Porter from Richemont is dead.
Farfetch Secures $500 Million in Emergency Funding.
Farfetch Secures $500 Million in Emergency Funding. (Shutterstock)

Farfetch has been sold to South Korean e-commerce giant Coupang in a deal that will provide the online luxury giant with $500 million in emergency funding, according to a statement Monday.

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