Farfetch CEO José Neves Steps Down Following Coupang Acquisition

Late last month, it was announced that Farfetch would be acquired by the South Korean conglomerate Coupang for $500 million USD.The luxury shopping platform was nearing filing for bankruptcy a few months prior. Cojupang's investment would allow it to continue operating its online storefront, as well as maintain its partnerships with brands and retailers. It would also allow Farfetch to cement its status in South Korea's luxury goods market."Farfetch will rededicate itself to providing the most e...