Acquired in early 2024 by South Korean e-commerce giant Coupang, the British and Chinese subsidiaries of the luxury goods online retailer significantly reduced their losses in 2024. However, their revenues also declined…
Farfetch reduced its sales, but also its losses…
Since its acquisition in January 2024 by South Korean e-commerce giant Coupang, the luxury goods online retailer has kept a low profile. Its stock was delisted from the New York Stock Exchange, reducing its new owner’s disclosure obligations.
The article that Fashion Network has just devoted to the 2024 accounts of the British and Chinese entities of the platform created in 2008 by Portuguese entrepreneur José Neves therefore has the merit, even if it does not cover the very latest news or encompass the entire company, of noting its evolution within the Coupang fold.
Focus on Farfetch UK and Farfetch China
The focus is only on the accounts published by Farfetch UK and Farfetch China. Coupang does not break down Farfetch’s overall results, which are merged into the South Korean company’s total financial year.
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Read also > Farfetch: Founder José Neves resigns amid restructuring
Featured photo: © Farfetch
