Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed 533 people in its three London stores and at its HQ from where it sells to consumers in 170 countries. Matches Benji Dymant, joint administrator, … Read more
In 2017 it was sold by its founder for a price rumoured to be £800 million. A few months ago Frasers Group bought it for just £52 million. And now luxury e-tailer Matches is set for an administration filing that could come as early as Friday. Photo: Sandra Halliday On Thursday, Frasers said that since … Read more
By Bloomberg Published Dec 21, 2023 Mike Ashley began to look like he was emulating LVMH founder Bernard Arnault when he elevated a scion of his sportwear empire to a senior role. Now, by buying luxury online retailer Matches, he’s aiming to be Britain’s own bling king. Mike Ashley Ashley, who founded British retail conglomerate Frasers Group Plc and … Read more
Frasers Group may have been suggested as a possible buyer for Browns if it comes up for sale, but a report has suggested it could snap up Matches before Browns ever comes on the market. Photo: Sandra Halliday Sky News — which has a good track record on fashion merger and acquisition stories — has … Read more
