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Farfetch obtains investment of $ 500 million


Farfetch obtains investment of $ 500 million - portugal news
Farfetch obtains investment of $ 500 million - Portugal Business News






Portugal investment news – Farfetch has just obtained an investment of 500 million dollars from Coupang, a South Korean e-commerce company that is headquartered in the US.

 

Portuguese unicorn Farfetch has announced that Coupang, that is a Fortune 200 company listed on the NYSE, will acquire the company’s business and assets. As part of the deal, Farfetch shares will be delisted and the founder, José Neves, will remain in the company.

 

The new investment in Farfetch will position the brand as a global market leader in the personal luxury goods segment, a market that is worth 400 billion dollars. Coupang is also a market leader in South Korea, which has the world's largest per capita spend on personal luxury goods.

 

“We are excited to partner with such a respected Fortune 200 company, which is committed to investing in innovations that transform every parameter of the customer experience with Farfetch”, stated José Neves, the Portuguese founder of Farfetch.

 

The Farfetch brand is a landmark of the luxury goods landscape and a transformative force in online luxury, according to the founder of Coupang. With the new investment, Farfetch will therefore be well positioned to become the future of luxury retail globally.





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