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Coupang purchased Farfetch for $500 million USD last month.
In a deal that will provide Farfetch with $500 million USD in emergency funding.
The fashion group’s co-founders Davide De Giglio and Andrea Grilli are departing, said Farfetch.
Giving Farfetch the opportunity to acquire the remaining shares.
Due to YNAP’s recent loss-making status, its long-time rival allegedly appears as a stronger investment.
Brands like Audemars Piguet, LV, Tiffany & Co., Gucci, and Hermès take it up a notch.
Driven by the 56% growth in digital platform revenue.
Celebrate the Year of the Ox with brands like Louis Vuitton, BAPE, Porsche, Audemars Piguet, and more.
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