A group of investors known as the 2027 Ad Hoc Group is opposing the proposed sale of luxury fashion marketplace Farfetch to South Korean e-commerce company Coupang. Representing over 50 percent of institutional investors holding 3.75 percent convertible senior notes in Farfetch due in 2027, the group has declared Farfetch in default and demanded immediate repayment. They are concerned about the lack of transparency in the sale process and the insertion of a $1 billion poison pill in the transaction support agreement with Coupang. The group claims there are credible partners interested in acquiring Farfetch and aims to protect their investors' interests before the deal closes on April 30.