Farfetch to Be Acquired by Coupang for $500 Million
Farfetch, the beleaguered luxury e-commerce platform that has spent months teetering on the brink of bankruptcy, found its white knight: The retailer said Monday that Coupang, described as South Korea’s answer to Amazon, would acquire it for $500 million. Farfetch, which is based in London, was once feted as the most dominant force in luxury…