Authentic Brands Pulls Reebok Europe License from New Guards Group [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
The memo, from Farfetch-owner Coupang to staff, said New Guards Group had received a termination notice for the agreement, which had granted the group distribution rights for Reebok products. More from WWD EXCLUSIVE: Agnona Opens Shop on Harrods' Newly Refurbished Designer Floor Solange Azagury-Partridge Unveils Coffee-table Book Packed With Gemstones, Glamour and Philosophy Dearly Beloved Guests Gathered at Dilara Findikoglu's Funereal Halloween Gala Coupang, which purchased the troubled Farfetch late last year and took over operations in February, said the termination notice came after it had tried to amend “unfavorable economic terms” within the licensing arrangements involving NGG and Authentic. It is understood that NGG owes ABG royalty payments of around $300 million, and it remains unclear whether ABG will be able to recoup those funds. NGG will cease operations of the Reebok EU website and sales of Reebok products immediately. WWD has reached out to Coupang, F
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- Coupang, Inc.'s (NYSE:CPNG) institutional investors lost 6.6% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- The US IPO window hasn't reopened yet, but startups take what they can [TechCrunch]TechCrunch
- Lee Ainslie's Strategic Moves in Q3 2024: A Deep Dive into Coupang Inc's Significant Reduction [Yahoo! Finance]Yahoo! Finance
CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website