Coupang reports Q2 revenue up 25% YoY to $7.3B and a $77M net loss, its first loss since 2022, due to its Farfetch deal and a South Korean regulatory fine
Yoolim Lee / Bloomberg :
Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses
London-based luxury clothing marketplace Farfetch borrows $500M from Coupang, which will buy its assets and delist the company; FTCH dropped 90%+ in five years
- Deal scraps planned tie-up between Farfetch and Richemont — JP Morgan Chase to run marketing process for Farfetch assets
Sources: Alibaba is in advanced talks to invest nearly $300M in London-based online luxury fashion retailer Farfetch and potentially create a Chinese JV
Chinese e-commerce giant Alibaba is in advanced discussions to invest nearly $300 million in London-based online luxury fashion retailer Farfetch … Tweets: @amir Tweets: Amir Efrati / @amir : 📈 Shares...
Amazon partners with Vogue and the Council of Fashion Designers of America to launch a new online store featuring independent luxury designers
get people on the platform to get their business data for its own purposes. Now its doing that for luxury fashion https://www.nytimes.com/... Shelby Ivey Christie / @bronze_bombshel : I love the idea ...
Luxury clothing marketplace Farfetch closes up 42% on its first day of trading, after raising $885M in its IPO; Farfetch is now valued at $8.2B
- Shares rise as investors bet on $8,287 coats, $980 sneakers — CEO Neves seeks to further customize site for regional tastes
Farfetch, the UK-based marketplace for high-end fashion and luxury goods, prices its US IPO at $20 per share, above the expected $17 to $19 range, raising $885M
Alex Barinka / Bloomberg :
Farfetch, the UK-based marketplace for high-end fashion and luxury goods, files for IPO on NYSE and says it had ~1M active consumers as of last year
Farfetch, the UK-based marketplace for high-end fashion and other luxury goods, has confirmed its plans to go public. Tweets: @ingridlunden . Thanks: @ingridlunden Tweets: Ingrid / @ingridlunden : I'm...
Chinese e-commerce firm JD.com invests $397M in London-based luxury boutique marketplace Farfetch, with JD.com CEO Richard Liu joining its board
Jason Del Rey / Recode :
London-based fashion startup Farfetch raises $110M Series F round to invest in its marketplace and white label platform
Thursday, May 6 Vikram Alexei Kansara / The Business of Fashion : BoF Exclusive | Farfetch Raises $110 Million in ‘Strategic’ Move Matthew Campbell / Bloomberg : Farfetch Said Valued at Almost $1.5 Bi...