The agreement is the latest in a series of tax and compliance issues the company has faced in the country.
Retailers in the UK reported subdued performance during the 2025 Black Friday period, as economic uncertainty and pre-Budget caution influenced consumer behaviour.
Retailers in the United States are stepping up their search for store locations as demand for physical retail space outpaces supply.
The inquiries will examine whether the companies restricted competition on retail prices for watches sold in the country.
Parent company Coupang Inc has named Harold Rogers, currently chief administrative officer and general counsel, as interim CEO.
