Online fashion retailer Farfetch faces a new battle. A group of bondholders, including the U.S. activist hedge fund Fir Tree Partners, is seeking to block its sale to Korea’s Coupang by demanding immediate repayment of the $400 million they loaned the London-based company.
The investors are backed by fellow creditors Richemont and Chinese online giant Alibaba. Together, they are trying to force Farfetch to sell as many assets as possible to raise funds and get some of their money back before the sale to Coupang is completed.
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