Farfetch sold to Coupang

Farfetch, the online luxury retailer, has been acquired by Coupang, the South Korean e-commerce giant, in a deal that will provide Farfetch with $500 million in urgent financing. The deal will also end Farfetch’s partnership with Richemont, the Swiss luxury group, and its plans to buy a stake in Yoox-Net-A-Porter, a rival online platform. Farfetch…