Farfetch avoids bankruptcy with $500M sale to South Korea’s Coupang
After weeks of scrambling to avoid a wipeout amid revenue drops and dwindling global luxury purchases, Farfetch has narrowly avoided bankruptcy by being sold to the South Korean giant Coupang.
After weeks of scrambling to avoid a wipeout amid revenue drops and dwindling global luxury purchases, Farfetch has narrowly avoided bankruptcy by being sold to the South Korean giant Coupang. Photo: Shutterstock
After weeks of scrambling to avoid a wipeout amid revenue drops and dwindling global luxury purchases, Farfetch has narrowly avoided bankruptcy by being sold to the South Korean giant Coupang. Photo: Shutterstock