Richemont sells Farfetch to South Korea’s Coupang

Featured image of the article Richemont sells Farfetch to South Korea’s Coupang

An article by Sophie Baqué

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Publication

2 January 2024 à 11h17

Updated on 8 January 2024 à 18h21

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2 minutes

Publication: 2 January 2024 à 11h17, Updated on 8 January 2024 à 18h21

Reading time: 2 minutes

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The British marketplace dedicated to luxury goods, Farfetch, is going under a South Korean flag. For Richemont, it's the end of an adventure in luxury e-commerce.

An article by Sophie Baqué

Add mind Retail to your sources
Publication

2 January 2024 à 11h17

Updated on 8 January 2024 à 18h21

Reading time

2 minutes

Publication: 2 January 2024 à 11h17, Updated on 8 January 2024 à 18h21

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
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Coupang, South Korea’s largest e-commerce company, has saved Britain’s Farfetch (H1 2023 sales up by 3% at US$1.13 billion, net loss of US$444 million) from bankruptcy via a US$500 million takeover bid.

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Article authors
Featured image of the article Sophie Baqué
Sophie Baqué Chief Editor of mind Retail
Featured image of the article Sophie Baqué
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