Farfetch

With The Vampire’s Wife shutting down and Roksanda sold in a pre-pack administration, Drapers explores the challenges facing independent British designer labels.

Coupang said it is confident that the acquisiton of Farfetch would be "a worthwhile investment for shareholders" in a conference call following its full-year financial results.

As Farfetch UK's redundancy consultations begin, Drapers analyses what the 25-30% decrease in headcount - coupled with a mass executive exodus - spell out for the business.

Luxury etailer Farfetch will lay off between 25% and 30% of its workforce as part of new owner Coupang's efforts to "streamline the business", according to a company memo seen by Drapers.

Farfetch founder José Neves has reportedly stepped down from the role of chief executive officer at the troubled luxury etailer.

Troubled luxury fashion etailer Farfetch has named the former Deliveroo chief product officer Akshay Navle as director following December's rescue acquisition by South Korean ecommerce company Coupang.  

A group of Farfetch investors has today (26 January) appointed financial advisors to "urgently evaluate options" over the proposed acquisition by Coupang.

As luxury consumers move increasingly towards shopping DTC and bricks and mortar, Drapers asks luxury fashion experts, recruiters and analysts: has the luxury ecommerce bubble burst?

Troubled luxury fashion etailer Farfetch has been acquired by South Korean retailer Coupang, in a deal that will inject $500m (£394.7m) of capital into the etailer.

Farfetch is reportedly in talks with Apollo Global Management to secure emergency funding amid a falling cash position.