# @drip on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C1ADjVdrHpz
- **Gondola URL:** https://gondola.cc/posts/12315013-drip-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/36db552c47.jpg
- **Posted:** 2023-12-18T16:20:24.000+00:00
- **Account Owner:** Drip by RapTV (@drip) — https://gondola.cc/drip

## Caption

Luxury giant #Farfetch has sold to South Korean e-commerce giant #Coupang ‼️ This will allow Farfetch to avoid bankruptcy after a slowing luxury market, M&A missteps and high cost of debt, causing ripple effects for partnering brands 👀 $500 million will be grated in emergency funding 💰

For a better understanding, in 2018 Farfetch was at one stage valued at $23 billion. Most recently Farfetch had a market value of just $254.2 million 😳 Do y’all buy luxury online or in store ⁉️

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#Luxury #LuxuryBrands #FashionNews #Hypebeast #Designer #DesignerBrands

## Stats

- **Views:** 0
- **Likes:** 2,129
- **Shares:** 0
- **Comments:** 13

## Tags

coupang, luxurybrands, luxury, hypebeast, farfetch, fashionnews, designerbrands, designer

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