(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 in exchange for a minority stake in Farfetch and the right to use its platform.