Ex-Deliveroo Executive Joins Farfetch Amid Shareholder Concerns
- Farfetch appoints Akshay Navle as new director
- Navle was previously COO at ZEPZ and chief product officer at Deliveroo
- He co-founded food delivery service Maple, acquired by Deliveroo in 2017
- Appointment follows Farfetch’s sale to South Korean Coupang
Farfetch has appointed Akshay Navle as a new director following the sale of the company to Coupang. According to the retailer’s Companies House filing, Navle started his new role on January 26th. He is currently the COO of money transfer service company ZEPZ. Prior to that, he was chief product officer for UK food delivery company Deliveroo from 2017 to 2021. Navle’s appointment comes after a majority of shareholders have been vocal against the recent sale of Farfetch to South Korean-based Coupang. Farfetch has declined to comment.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Akshay Navle’s appointment as a director at Farfetch and his previous roles in other companies. However, it lacks details on the reasons behind the sale of Farfetch to Coupang and the shareholders’ opinions.
Noise Level: 3
Noise Justification: The article provides relevant information about Akshay Navle’s appointment as a new director at Farfetch and his previous experience, but lacks in-depth analysis or exploration of the consequences of the company sale. It also does not offer actionable insights or new knowledge.
Financial Relevance: Yes
Financial Markets Impacted: Farfetch and Coupang’s stock prices
Financial Rating Justification: The appointment of a new director following the sale of Farfetch to Coupang impacts the companies’ financial markets as it may affect their performance and investor confidence.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
www.retailsector.co.uk 
