Coupang, Inc. completed the acquisition of Assets of Farfetch Holdings Plc.
January 30, 2024
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Coupang, Inc. (NYSE:CPNG) agreed to acquire Assets of Farfetch Holdings Plc on December 18, 2023.
Coupang, Inc. (NYSE:CPNG) completed the acquisition of Assets of Farfetch Holdings Plc on January 31, 2024. J.P. Morgan Securities plc acted as financial advisor to Farfetch Holdings PLC.
Coupang, Inc. owns and operates a retail business, which primarily serves the Korean retail market. Through its mobile applications and Internet websites, it offers products and services that span a range of categories, including home goods and decor, apparel and beauty products, fresh food and grocery, sporting goods, electronics, everyday consumables, travel, restaurant order and delivery, content streaming, and advertising. Its Product Commerce segment primarily includes core Korean retail (owned inventory) and marketplace offerings and Rocket Fresh, its fresh grocery offering, as well as advertising products associated with these offerings. Its Developing Offerings segment primarily includes more nascent offerings and services, including Coupang Eats, its restaurant ordering and delivery service in Korea, Coupang Play, its online content streaming service in Korea, fintech, its retail operations in Taiwan, as well as advertising products associated with these offerings.
COUPANG, INC. 
