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Coupang shutters Farfetch white label unit after $105M loss

Farfetch closes its white label unit as parent company Coupang shifts focus amid mounting losses and a global luxury market slowdown driven by China’s economic challenges.

Coupang shutters Farfetch white label unit after $105M loss
After weeks of scrambling to avoid a wipeout amid revenue drops and dwindling global luxury purchases, Farfetch narrowly avoided bankruptcy last year by being sold to the South Korean giant Coupang. Image: Shutterstock

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