Matches news and archive

Frasers Group buys back part of Matches' intellectual property

Frasers Group has acquired part of the intellectual property of Matches Fashion Limited, according to a statement from the Sports Direct owner. The deal is notable because earlier this year Frasers placed Matches in receivership and closed the doors of the e-tailer. The press release stressed that only part of the intellectual property has been...

Report

Matches CEO and CFO reportedly step down following administration

The chief executive officer, Nick Beighton, and chief financial officer, Dave Murray, of Matches are believed to have exited the company days after it fell into administration. Both Beighton and Murrary are understood to have been among the 273 job cuts made after the redundancy filing was put into place, according to Drapers. Last week,...

Business

Matches reportedly cuts 273 jobs following Teneo appointment

Luxury e-tailer Matches – formerly Matchesfashion – is understood to have made 273 of its employees redundant after it appointed restructuring firm Teneo to oversee its administration process. Roles that are said to have been impacted by the move include those in buying, communications, analytics and marketing, according to Drapers, which...

Retail

Matches is for sale a second time in three months

Administrators are actively seeking a buyer for troubled retailer Matches, which recently faced an abrupt closure under the new ownership of Frasers Group. While the brand will continue its operations through its website and three London stores during the search for potential buyers, administrators from Teneo Financial Advisory Ltd. confirmed...

Report

Matches COO departs to take up DHL CEO role

The chief operating officer of Matches, Stuart Hill, has announced his departure from the company, and has now instead taken on the role of chief executive officer for DHL e-commerce UK. The position Hill is stepping into, in which he will succeed Peter Fuller who is retiring after seven years at the helm, comes as the distribution firm looks to...

Business

Frasers Group acquires Matches for 52 million pounds

Frasers Group has acquired the luxury online fashion retailer Matches for 52 million pounds (66 million dollars). The sale represents a significant loss for Apax Partners, which purchased the business in 2017 during a bidding war when its valuation stood at 800 million dollars. While the exact financial details of Apex Partners' acquisition of...

Business

Frasers reportedly eyeing Matches acquisition

Mike Ashley’s retail giant Frasers Group is believed to be mulling a potential purchase of the struggling luxury e-tailer, Matches – formerly Matchesfashion. The conglomerate is reportedly in “detailed negotiations” on a deal that could see it take over Matches “within days”, according to city sources for Sky News. The media outlet said that any...

Business

Matches reportedly seeking cash injection

Luxury retailer Matches – formerly Matchesfashion – has reportedly appointed the advisory firm Teneo to oversee its efforts to raise equity amid an ongoing turnaround strategy. The company is understood to be targeting a raise of around 50 million pounds, according to Drapers, with the media outlet further noting that “all options are on the...

People

Matches names new chief people officer

Luxury retailer Matches has named Clare Bishop as its new chief people officer. Bishop, who has more than 17 years of experience in senior roles across human resources, joins Matches from Greystar International, where she held the role of managing director of people in Europe. Prior to her position at Greystar International, she worked at Warner...

People

Matches appoints new chief product and technology officer

Luxury fashion retailer Matches has appointed Andrea Trocino as its new chief product and technology officer as chief executive Nick Beighton continues to build his executive team. In his new role, Trocino will be responsible for rebuilding the Matches customer experience, “widening the audience including digital marketing, acquisition,...

BusinessFeatured

MatchesFashion to launch a Black Employees Forum

British luxury retailer MatchesFashion has launched a statement of solidarity with the black community following the protests for change under the Black Lives Matter movement after the tragic and senseless deaths of George Floyd, Ahmaud Arbery, and Breonna Taylor. MatchesFashion new chief executive Ajay Kavan, who joined the retailer in March...

Fashion Featured

MatchesFashion launches responsible edit to “drive positive change”

MatchesFashion has launched The Responsible Edit, an online hub where its customers can discover brands that the luxury retailer states are at the “forefront of conscious fashion” as part of its pledge to promote socially and environmentally responsible practices. The Responsible Edit, is the culminating of more than two years of work with their...