Frasers Group Buys Back Matches' Intellectual Property, But Not the Stock [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
In a brief statement to the London Stock Exchange on Monday, Frasers said it reached an agreement with Matches' joint administrators to acquire “certain intellectual property assets only.” More from WWD 'White Lotus' Luggage Line Carl Friedrik to Launch Quintessentially British Styles With Menswear Brand Hackett Ted Baker's European Arm Set for More Store Closures and Job Losses Infiniment Coty Paris Celebrated Liberty's Launch With an Art Lover's Soirée Those assets are understood to be non-tangibles such as the trademark, domain names, and data bases of the store, which was once a fashion ecommerce giant competing alongside names including Net-a-porter, Mytheresa , and Ssense. With the IP in hand, Frasers has also granted a license to joint administrators Teneo, allowing them to operate the business until the stock in the warehouse and shops is cleared. As reported, Matches has been offering deep discounts on thousands of items from a host of designers through its web
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News
- Stanley Druckenmiller slashed his Nvidia stake by 72% last quarter as the stock nearly doubled [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc. (NYSE: CPNG) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $26.00 price target on the stock.MarketBeat
- Coupang rallies after UBS says sales, market share, and margins will continue to go higher [Seeking Alpha]Seeking Alpha
- Alibaba's AliExpress, PDD's Temu ink deal with South Korea on product safety - report [Seeking Alpha]Seeking Alpha
- Coupang, Inc. (NYSE: CPNG) had its price target raised by analysts at Barclays PLC from $25.00 to $32.00. They now have an "overweight" rating on the stock.MarketBeat
CPNG
Earnings
- 5/7/24 - Miss
CPNG
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- CPNG's page on the SEC website