Stay updated with breaking news from Richemont board. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
After opening on a negative note, the Switzerland market quickly emerged into positive territory Thursday morning and stayed higher till the end of the day's session to close with modest gains. ....
(Bloomberg) Farfetch Ltd. secured a lifeline from e-commerce company Coupang Inc., which agreed to lend $500 million, buy the assets and delist the troubled fashion platform’s shares.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossUS Frackers Return to Haunt OPEC’s Pricing StrategyApple Plans Rescue for $17 Billion Watch Business in Face of BanGulf Splits Hinder US Efforts to End Houthi Ship AttacksDocuments Reveal Hidden Problems at Russia’s Nuclear Powerhouse ....
(Bloomberg) Farfetch Ltd. secured a lifeline from e-commerce company Coupang Inc., which agreed to lend $500 million, buy the assets and delist the troubled fashion platform’s shares.Most Read from BloombergApple to Halt US Sales of Latest Watches After Patent LossUS Frackers Return to Haunt OPEC’s Pricing StrategyBP to Pause All Tanker Transits Through the Red SeaGulf Splits Hinder US Efforts to End Houthi Ship AttacksDocuments Reveal Hidden Problems at Russia’s Nuclear PowerhouseCoupang, wh ....
Farfetch founder Jose Neves is considering the move after a troubled New York Stock Exchange listing for the loss-making British company, and is working with advisers at JP Morgan, the Telegraph newspaper reported on Tuesday. The company, in which Neves has a stake of 15%, declined to comment to Reuters on Wednesday. Richemont, which has a deal in place to sell its Yoox Net-A-Porter online fashion and accessories business to Farfetch said it was "carefully monitoring the situation." ....