Fashion empire founded by Dame Natalie Massenet sold to German rival [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
The online luxury seller, which was formed from a merger between Dame Natalie's Net-a-Porter and Italian brand Yoox in 2015 , is to be taken over by Germany's Mytheresa. Swiss luxury giant Richemont, which is the current owner of Yoox Net-a-Porter, said it will not receive any cash from the deal but instead secure a 33pc stake in Mytheresa. Johann Rupert, the Richemont chairman, said he was “pleased to have found such a good home for YNAP”. The deal follows years of doubt over the business, which had once been seen as a pioneer for luxury online retail but in recent years has struggled with a drop-off in demand. Before the tie-up with Yoox, Dame Natalie's Net-a-Porter reportedly attracted interest from bidders including Amazon, as online tech giants sought to move into the premium fashion market. High levels of optimism led to Federico Marchetti, who was chairman of YNAP until 2021, claiming that the business was poised to become a “Ferrari” in the market. However, hopes
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CPNG
News
- Coupang, Inc. (CPNG) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- The Return Trends At Coupang (NYSE:CPNG) Look Promising [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc. (CPNG) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Coupang double-upgraded at Bernstein [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc. (NYSE: CPNG) was upgraded by analysts at Sanford C. Bernstein from an "underperform" rating to an "outperform" rating. They now have a $30.00 price target on the stock.MarketBeat
CPNG
Earnings
- 8/6/24 - Beat
CPNG
Sec Filings
- 10/4/24 - Form 4
- 10/2/24 - Form 144
- 8/23/24 - Form 4
- CPNG's page on the SEC website