share_log

Coupang | 8-K: Coupang Completes Acquisition of Farfetch

SEC announcement ·  Jan 31 21:06
Summary by Futu AI
On January 30, 2024, Coupang, Inc., a leading e-commerce company, completed the strategic acquisition of the luxury fashion online marketplace Farfetch Holdings plc. This acquisition was facilitated through a limited partnership, Surpique LP, established by Coupang and Greenoaks Capital Partners, LLC. The partnership had previously provided Farfetch with a bridge loan facility of $150 million, which was 80.1% funded by Coupang and 19.9% by Greenoaks. The acquisition process included a marketing phase and the appointment of administrators from AlixPartners UK LLP, culminating in the signing of a Sale and Purchase Agreement. Surpique LP contributed approximately $300 million to Farfetch, consisting of cash and the termination of the bridge loans. Additionally, Surpique LP committed to providing up to $200 million more for the working capital and general...Show More
On January 30, 2024, Coupang, Inc., a leading e-commerce company, completed the strategic acquisition of the luxury fashion online marketplace Farfetch Holdings plc. This acquisition was facilitated through a limited partnership, Surpique LP, established by Coupang and Greenoaks Capital Partners, LLC. The partnership had previously provided Farfetch with a bridge loan facility of $150 million, which was 80.1% funded by Coupang and 19.9% by Greenoaks. The acquisition process included a marketing phase and the appointment of administrators from AlixPartners UK LLP, culminating in the signing of a Sale and Purchase Agreement. Surpique LP contributed approximately $300 million to Farfetch, consisting of cash and the termination of the bridge loans. Additionally, Surpique LP committed to providing up to $200 million more for the working capital and general corporate needs of Farfetch. The acquisition aims to leverage Coupang's operational strengths and innovative logistics to support Farfetch's growth. Coupang, listed on the NYSE, is a Fortune 200 company with a diverse range of services, including same-day delivery and fintech solutions. The acquisition is expected to enhance Coupang's global presence and offerings in the luxury fashion sector.

This announcement is a separate document:

Doc 1

Doc 2

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.