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Farfetch CEO José Neves Steps Down Amid Plans to Cut Workforce by Up to 30%
By Sabela Ojea Farfetch's founder José Neves stepped down as chief executive on Thursday amid plans to lay off up to 30% of its global workforce after being acquired by the e-commerce giant Coupang.
Farfetch Bondholders Are Pushing Back on Sale of Luxury-Goods Company -- Barrons.com
The sale of Farfetch, the U.K.-based operator of a popular online luxury- goods platform, to South Korea's Coupang could be challenged in the courts by a bondholder group that is unhappy with the sales process and a lack of transparency about the company's financial condition.
Farfetch Noteholders Oppose Acquisition by Coupang
By Andrea Figueras A noteholder group of the global luxury fashion platform Farfetch, known as the 2027 Ad Hoc Group, said it opposes Coupang's acquisition of the company. The group of institutional
News On Farfetch Ltd. (FTCH) Now Under FTCHF
News On Farfetch Ltd. (FTCH) Now Under FTCHF
Richemont Group Will Not Close Proposed Deal With Farfetch Involving Its Yoox Net-A-Porter Platform
(Global Business News) Richemont (Richemont) said the luxury goods group will not complete the proposed deal with Farfetch involving its Yoox Net-A-Porter platform, and does not expect Farfetch to repay the convertible senior notes previously issued to it. Before Richemont Group announced the above news, Coupang (Coupang) said it would acquire the business and assets of Anglo-Portuguese luxury e-commerce company Farfetch. According to the agreement reached between Richemont Group and Farfetch last year, Richemont Group agreed to divest nearly half of its e-commerce business YNAP
NYSE Suspends Farfetch Ltd. Shares
By Josh Beckerman The New York Stock Exchange said it was suspending Farfetch Ltd. shares immediately, citing a Monday securities filing that mentioned the company's expectation that Class A and B st