Shareholders sue over accusations of fraud
After the collapse of Farfetch and its rescue by Coupang at the end of 2023, several shareholders felt they had been wronged. Two of them are now suing the company, …
José Neves
Is it game over for sector’s biggest names?
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed …
Farfetch founder José Neves ‘exits CEO post’
In news that might not come as too much of a surprise, it’s being reported that Farfetch founder and CEO José Neves is among more than one member of the …
Winding-up petition claims Farfetch sale to Coupang was rushed
Farfetch’s takeover by South Korea’s Coupang is complete but that’s not the end of the company woes. Newspaper reports this week have said that the luxury e-tail giant has been …
What will the future hold for Farfetch?
Translated by Nicola Mira Published Dec 19, 2023 As bankruptcy loomed, Farfetch found a last-minute rescuer in Korean e-commerce giant Coupang, which bought the British luxury e-tailer and bailed it …
Farfetch gets rescue deal as Korean giant Coupang takes it private
Farfetch has found a rescuer. And who is it? Step forward Coupang, the Fortune 200 company listed on the New York Stock Exchange that’s one of the largest retailers in …
Farfetch in talks with Apollo Global for rescue deal
By Reuters API Published Dec 14, 2023 Online luxury retailer Farfetch is in talks with Apollo Global Management to secure emergency funding for shoring up its finances, Sky News reported …
Alibaba’s Evans exits Farfetch board, but it’s business as usual at the e-tail site
It may or may not be significant but Farfetch said on Wednesday that director J Michael Evans resigned from its board as of 30 November. Evans is president of Alibaba …
speculation mounts around Farfetch plans
Speculation around Farfetch’s future continues to grow as its share price falls and multiple rumours emerge about what it does and doesn’t plan to do. The share price dropped to …
Creative director Ragazzi says Palm Angels is menswear-driven, but new focus will be womenswear, accessories
Translated by Nicola Mira Published Nov 10, 2023 Palm Angels is driven by menswear, which generates 80% of its annual revenue. The revelation comes from Francesco Ragazzi, founder and creative …