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Farfetch to axe up to 30% of workforce
Farfetch is understood to be looking to lay off between 25% and 30% of its workforce as new owner Coupang works to “streamline the business”.
Farfetch founder steps down following Coupang takeover
Farfetch founder José Neves is stepping down from the business following its £400m rescue by Korean ecommerce company Coupang.
Farfetch faces winding up petition amid claims founder ‘destroyed’ value to rush takeover
Farfetch is facing a winding up petition amid accusations its founder José Neves "destroyed its value" during the lead up to £396m rescue deal of the retailer in January.
Farfetch completes Coupang sale despite investor backlash
Farfetch has completed the sale of its business to South Korean ecommerce giant Coupang through a pre-pack administration deal.
Farfetch faces investor revolt over Coupang takeover
A group of Farfetch investors have appointed financial advisors to “urgently evaluate options” following the take-private offer by South Korean ecommerce giant Coupang.
Farfetch lands $500m lifeline with sale to South Korea’s Coupang
Farfetch has been sold to South Korean e-commerce giant Coupang, providing a lifeline for the luxury online retailer that had been rushing to avoid insolvency.
Farfetch scrambles to find rescue deal as administrators wait in wings
Farfetch is scrambling to come to a rescue deal with a private equity-backed buyer this weekend, which could lead to the removal of its shareholders.
Farfetch in talks with Apollo for rescue deal
Farfetch is in talks with Apollo Global Management about securing a last-minute cash injection as it teeters on the brink of collapse.
Farfetch explores sale of Browns Fashion amid funding fears
Farfetch is understood to be considering the sale of fashion retailer Browns as it races to secure fresh funding.
Farfetch seeks fresh funding to avoid collapse
Farfetch is racing to secure fresh funding as it teeters on the brink of collapse.
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