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South Korean e-commerce firm Coupang on Wednesday announced it finalised its deal to control all of Farfetch’s assets, which include its online luxury marketplace and e-commerce software platform.
The deal, which was announced last December, included a $500 million bridge loan for Farfetch to avoid bankruptcy and wiped out all of the luxury e-tailer’s equity holders, including the company’s
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With a limited number of targets on the market, strategics and private equity firms are rushing to snap up the most promising brands.
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Farfetch’s financial stress continues only a month after finding its white knight.
A group of investors, called the 2027 Ad Hoc Group, formed this month to stop South Korean e-commerce firm Coupang’s forthcoming acquisition of the embattled luxury e-tailer.
That deal, which was announced last December and included a $500 million bridge loan to keep Farfetch afloat, is not
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The deal was for around $500 million, one of the people said, speaking on condition of anonymity.
San Francisco-based Gryphon carved out the anti-aging skincare brand from Johnson & Johnson Consumer Inc in 2019 for an undisclosed amount.
RoC did not immediately respond to a request for comment.
New York-based RoC Skincare was created in 1957 by French pharmacist
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Fashion PR giant The Independents Group has acquired Atelier Athem, a Paris-based firm that focusses on set design for brands’ experiences and stores, including lighting, projections, scenery, interactive elements and sound. It has worked with brands including Van Cleef & Arpels, Cartier and Sephora on brick-and-mortar installations and events.
It also uses those projects to provide financing of historic
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Struggling Italian fashion house Trussardi SpA is nearing a deal that will see it transferred to a new owner and have assets sold off as part of a debt restructuring.
After an extended marketing process that saw little demand, the brand, together with some of the group’s branches, is set to be sold to Miroglio Group, a manufacturer and