Farfetch Found Its White Knight. What’s Next?

Farfetch’s sale on Monday to Seattle-based South Korean e-commerce giant Coupang could give the online luxury marketplace access to two resources it previously lacked: scale and time.

In the immediate term, the deal provides a $500 million loan, helping Farfetch avoid a bankruptcy that would likely have led to an exodus of talent and permanently soured relationships with the brands and boutiques that sell on the platform.

But beyond next…