Coupang Inc. slid in late trading on Tuesday after reporting retail net sales that fell short of Wall Street’s expectations. Net sales totaled $6.14 billion, …
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Farfetch
Farfetch to Shutter Its E-commerce Software Service
Farfetch is shutting down its software service, called Farfetch Platform Solutions, to focus on its core marketplace, the company told its brand partners in an …
Coupang Posts First Loss Since 2022 as Farfetch Deal Saps Profit
Coupang Inc. posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in …
Can Farfetch Survive Coupangâs Shock Therapy?
The drama at Farfetch continued to unfold on Thursday with an executive shakeup that has shocked industry insiders, even if the shotgun wedding between the …
Farfetch CEO José Neves Steps Down Amid Executive Shakeup
Farfetchâs founder and chief executive Jose Neves is stepping down, according to an internal memo viewed by The Business of Fashion. His departure comes less …
Kering Is Pulling Its Brands From Farfetch
Farfetch’s relationship with luxury brands is at risk following its deal to be acquired by South Korean e-commerce firm Coupang. This month, Kering ended its …
Neiman Marcus Ends Partnership With Farfetch
Neiman Marcus Group on Wednesday announced it has abandoned plans to use Farfetch’s e-commerce software to revamp the luxury department store’s online storefront and app. …
South Korea’s Coupang Completes Farfetch Acquisition
South Korean e-commerce firm Coupang on Wednesday announced it finalised its deal to control all of Farfetch’s assets, which include its online luxury marketplace and …
Farfetch Investors Form Group to Oppose Coupang Acquisition
Farfetch’s financial stress continues only a month after finding its white knight. A group of investors, called the 2027 Ad Hoc Group, formed this month …
Farfetch Found Its White Knight. What’s Next?
Farfetch’s sale on Monday to Seattle-based South Korean e-commerce giant Coupang could give the online luxury marketplace access to two resources it previously lacked: scale …
Farfetch Sold to South Korea’s Coupang
Farfetch has been sold to South Korean e-commerce giant Coupang in a deal that will provide the online luxury giant with $500 million in emergency …
Farfetch Seeks Last-Minute Bailout to Avoid Insolvency
Farfetch is in discussions with a liquidity provider to secure $500 million in emergency funding, in a deal that would also take the company private …
Farfetch Woes Worsened by Brands’ Distaste for Discounts
A winding down of the post-pandemic spending frenzy is hitting European luxury companies from LVMH to Kering, but none more than Farfetch, an e-commerce pioneer. …
Why Amazon Fashion Should Buy Farfetch
LONDON — At the Fashion Awards at London’s Royal Albert Hall on Monday evening, there was one question on everyone’s minds: what’s really going on …
Alibaba President Exits Farfetch Board
Alibaba Group president J. Michael Evans has resigned from Farfetch’s board, the luxury e-tailer disclosed in a regulatory filing Wednesday. Evans joined the board in …
Farfetch Seeks ‘White Knight’ to Avert Collapse, Sources Say
Insolvency is not out of the question for Farfetch as the company explores a range of options to keep its business afloat amid a weakened …
Cartier Owner Richemont Won’t Inject Cash Into Farfetch
Farfetch founder Jose Neves is considering the move after a troubled New York Stock Exchange listing for the loss-making British company, and is working with …
Report: Farfetch in Talks to Take Company Private
Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported …
Farfetch Reshuffles New Guards Group, Off-White Leadership As Co-Founders Exit
New Guards Group co-founders Davide De Giglio and Andrea Grilli are exiting the company, owner Farfetch announced Thursday. Farfetch group president Stephanie Phair will add …
Farfetch Returns to Sales Growth
The online luxury retailer’s revenue rose 8 percent year on year in the first quarter of 2023, above analyst’s expectations. Farfetch’s improved inventory, partnerships with …