Company
Farfetch Limited
FTCH:[TICKER]
Farfetch is a London-based company that runs a global platform matching upscale brands with affluent buyers
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Farfetch sold to South Korea's Coupang in eleventh hour rescue
Seoul-based Coupang will put in US$500m to steady the finances of the struggling retailer
Dow hit with worst trading week since March
The Dow closed Friday up 26 points, less than 0.1%, at 34,501, the Nasdaq Composite slid 26 points, 0.2%, to 13,291 and the S&P 500 lost 1 point to end at 4,370
Richemont in talks to sell Yoox Net-a-Porter stake to rival Farfetch
The group has invited other investors to participate in a potential sale, as the final goal is to make YNAP “a neutral platform, with no controlling shareholders”