Farfetch Gets $500 Million Lifeline From Coupang
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, providing a $500 million lifeline. Farfetch, which is based in London, was once feted as the most dominant force…