16-02-2024 09:04 via retailgazette.co.uk

Farfetch founder steps down following Coupang takeover

Farfetch founder José Neves has stepped down from the business following its £400m rescue by Korean ecommerce company Coupang.
Neves exited the retailer with immediate effect, a memo to workers explained on Thursday, according to the Telegraph. 
The founder led Farfetch to a £4.92bn US listing back in 2018. However, the business’s shares collapsed following its flotation, with investors wiped out under the rescue deal.
Neves’ key lieutenants are also leaving t
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