LONDON – Coupang said Wednesday it has completed the acquisition of Farfetch Holdings plc, a deal that was first announced on Dec. 18. Coupang said in a brief statement that by providing access to $500 million in capital, “will continue delivering exceptional services for its brand and boutique partners,” and to more than 4 million customers worldwide. The company added that by leveraging Coupang’s operational know-how and logistics, “Farfetch is now well-positioned to pursue steady and thoughtful growth.” Coupang, which purchased Farfetch alongside the San Francisco-based firm Greenoaks Capital, is a Fortune 200 company listed on the New York Stock Exchange. It has operations and support services in markets including South Korea, Taiwan, Singapore, China and India. It compares, albeit…
Published Date: 2024-01-31
Source: WWD
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