SHARE

Korean giant Coupang takes Farfetch private

In a $500m rescue deal, Farfetch has been acquired by Coupang, the New York-listed Korean retail behemoth. Coupang has said that the move provides the opportunity to “redefine the customer experience for luxury clients everywhere.”

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.