Frasers Group acquires Matches
Frasers Group has acquired troubled luxury fashion retailer Matches for £52m.
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Frasers Group has acquired troubled luxury fashion retailer Matches for £52m.
Frasers Group has purchased Matches from the private equity firm Apax Partners in a deal valued at 52 million pounds, the retailer confirmed.
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.
Following the news that Farfetch has been acquired by South Korean retailer Coupang, and Frasers Group is circling Matches, Drapers asks what the deals could mean for luxury fashion.
The letter, written by the London-based designer Deborah Lyons, is attracting signatures from brand leaders, investors and entrepreneurs from across the industry.