Matches suppliers left up in the air after collapse into administration

Of the 450 luxury brands stocked online at Matches, roughly half are yet to be paid for their stock, according to Drapers.

A spokesperson for two of the British brands supplying Matches said the businesses are holding talks with the administrators and are focused on finding ways of “getting their stock back”.

The news comes after Frasers Group acquired Matches in a £52m deal in December last year, before putting the luxury retailer into administration less than three months later.

It is understood that Teneo is running the administration process for the retailer.

A lot of brands are reported to have terminated their relationships with the brand, taking heavy losses.

Around 273 staff members at the online designer fashion platform, across roles that include buying, communications, analytics and marketing, are believed to have been made redundant.

Matches chief executive Nick Beighton and chief financial officer Dave Murray are also reported to have exited the business in the wake of the company going into administration.