Thomas Mulier / Bloomberg:

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  —  Farfetch Ltd. found a backer in e-commerce company Coupang Inc., which agreed to lend $500 million, buy the assets and delist the troubled fashion platform's shares.

Thomas Mulier / Bloomberg:

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  —  Farfetch Ltd. found a backer in e-commerce company Coupang Inc., which agreed to lend $500 million, buy the assets and delist the troubled fashion platform's shares.

Source: TechMeme
Source Link: http://www.techmeme.com/231218/p15#a231218p15