: In a $500 million deal, Coupang acquired Farfetch to prevent potential bankruptcy.
Farfetch operates primarily as a , a model that distinguishes it from traditional retailers who hold their own inventory. {keyword_context} farfetch.com
Following significant financial challenges in 2022—where the stock fell nearly 90% due to factors like high customer acquisition costs and shifting focus away from core fashion—the company underwent a major restructuring. : In a $500 million deal, Coupang acquired
: Prices are set by the individual partners, meaning the same item's cost may vary based on its origin and the customer's location. 2. Strategic Shift and Financial Recovery : Prices are set by the individual partners,
: Following the acquisition, the company reached EBITDA profitability in 2024 , reporting adjusted earnings of $30 million, though sales volumes remained below their 2022 peaks. 3. Technological Infrastructure