Why luxury brands are struggling — and how canny shoppers can benefit
Luxury labels and e-commerce retailers have hiked prices way above the rate of inflation, prompting a consumer backlash from London to Shanghai
Source: thetimes.co.uk
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Mike Ashley's Frasers Group Acquires Matches – Footwear News
Frasers Group has purchased Matches from the private equity firm Apax Partners in a deal valued at 52 million pounds, the retailer confirmed.
Source: footwearnews.com
Matches 'a major opportunity' for Frasers Group
Frasers Group’s cut-price acquisition of Matches is an opportunity to tap into the luxury retailer's affluent consumer base – but is it a Match made in heaven? Industry executives, analysts and headhunters give Drapers their first reactions to the deal.
Source: drapersonline.com
London Retailer Matches Latest to Go in Luxury E-commerce Fire Sale
Just 48 hours after Coupang rescued Farfetch, Mike Ashley's Frasers Group purchased the loss-making Matches at a discount price of 52 million pounds.
Source: wwd.com
Swiss Watch Exports Hit New Record in November
Swiss watch exports hit a new high record in November at 2.5 billion Swiss francs.
Source: wwd.com