Farfetch UK resuscitated: losses narrow following Coupang acquisition

Farfetch UK Limited has reported a significant narrowing of annual losses for 2024, signaling a stabilising trajectory under the new ownership of South Korean e-commerce giant Coupang, Inc. According to the company's latest statutory financial statements, the loss for the year after taxation was 471.4 million pounds (638.7 million dollars), a 41 percent improvement from the 805.5 million pounds loss recorded in 2023.