José Neves Will Continue To Manage Farfetch Despite The Chaos

Farfetch secured crucial additional liquidity to sustain its operations.

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Athena Topco, led by South Koreans from Coupang, acquired Farfetch, leading to its delisting.

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The Board expressed disappointment in the sale process but acknowledged FF PLC's success in ensuring business continuity.

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Independent Board members, including Dana Evan and David Rosenblatt, resigned immediately without disagreements.

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José Neves is now the sole member on the Board, marking a significant leadership change.

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The proposed acquisition of 47.5% of Yoox-Net-A-Porter by FF PLC was terminated, along with the adoption of Farfetch Platform Solutions by YNAP and Richemont.

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Farfetch's statement ended a silence since November 28, when it canceled the release of third-quarter results and business-related information.

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Khelfeed.com

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