Farfetch rescue deal with Coupang means it isn't a seller

• Coupang has nearly $5 billion of cash on hand, and is said to view this deal as being more about expansion than disposition.

Look ahead: That even could include a revival of talks with Richemont, which yesterday terminated its agreement to sell a 47.5% stake in Yoox-Net-a-Porter to Farfetch.

• Richemont's deal was originally struck with a legal entity that will no longer exist, and included a change-in-control clause, and word is that there could be a new version considered after Coupang closes.