BUZZ-Coupang down after plans to acquire online luxury co Farfetch

Reuters2023-12-18

** Shares of South Korean e-commerce giant Coupang down 2% at $16.66

** Trading of online luxury firm Farfetch shares halted

** Co says it plans to buy the assets of Farfetch Holdings to broaden its access to the global personal luxury goods market

** The deal would provide Farfetch with $500 million in capital

** Up to last close, CPNG stock was up 15.70 while FTCH was down 86.41 YTD

(Reporting by Annett Mary Manoj)

((AnnettMary.Manoj@thomsonreuters.com))

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