59 Coupang, a Fortune 200 company listed on the New York Stock Exchange and a leading global retailer, has successfully completed the acquisition of assets from Farfetch Holdings plc, a prominent online luxury company. With a commitment to transforming customer experiences, Coupang’s acquisition provides Farfetch with access to $500 million in capital. This infusion of funds enables Farfetch to uphold its commitment to delivering exceptional services to its brand and boutique partners, as well as its extensive customer base of over four million worldwide. Leveraging Coupang’s expertise in operational efficiency and innovative logistics, Farfetch is poised for strategic and sustainable growth in the luxury online retail sector. You Might Be Interested In Amazon, Flipkart and Snapdeal served notices on charges of selling toys without BIS quality mark AIM for Climate Surpasses $17B Investments, Grows Partnerships to 600+ and Innovation Sprints to 78 at COP28 Latvia considers Saudi Arabia a high-priority market, says Baltic state’s minister for economics Malaysian Ringgit Hits 26-Year Low Mastercard Unveils Mobile Virtual Card App for Business Expenses IMF raises Philippine growth forecast
