Coupang finalises Farfetch acquisition

Coupang has finalised its acquisition of Farfetch Holdings plc, a deal disclosed on December 18, confirming its commitment to provide Farfetch with 500 million in capital. In a statement Coupang said: “By providing access to 500 million dollars in capital, this acquisition allows Farfetch to continue delivering exceptional services for its brand and boutique partners, and to more than four million customers around the world. By leveraging Coupang’s operational excellence and innovative logistics, Farfetch is now well-positioned to pursue steady and thoughtful growth."