All Matchesfashion articles
Matchesfashion.com is a luxury fashion retailer offering over 450 designer labels. Founded by Ruth and Tom Chapman as Matches in 1987, the business has transitioned from a bricks-and-mortar operation into a multichannel player that now generates more than 95% of its sales online. There are three Matchesfashion stores in London, including the high-profile concept space on Mayfair’s Carlos Place.
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NewsRetailers face mounting pressure as insolvencies surge by 19%
Rising interest rates, escalating costs and restrained consumer spending have cast a shadow over retail, leading to a surge in insolvencies.
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NewsMatches suppliers left up in the air after collapse into administration
Matches suppliers have reportedly been left in the lurch after the retailer collapsed into administration earlier this month.
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NewsFrasers Group puts Matches into administration
Frasers Group is putting online luxury fashion retailer Matchesfashion into administration after buying it less than three months ago.
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NewsFrasers Group snaps up Matches in £52m deal
Frasers Group has snapped up luxury fashion retailer Matches in a £52m deal as it looks to strengthen its luxury offering and elevate its portfolio.
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NewsMike Ashley eyes deal to bring Matches into Frasers Group
Retail tycoon Mike Ashley is in negotiations about a deal that would see Frasers Group take control of Matches.
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NewsMatches fires up equity raise to support turnaround
Luxury fashion retailer Matches is reportedly considering an equity raise in a bid to support its business turnaround strategy.
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NewsMatches aims to rekindle ‘customer love’ after full-year loss
Matches has said it will focus on getting the brand back to profitability and growing “customer love” amid its turnaround strategy after a full-year loss and decline in revenue.
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NewsMatchesfashion unveils partnership with Sellier
Matchesfashion has partnered with luxury resale platform Sellier in a bid to boost its luxury pre-loved offering of “the most coveted accessories on the market”.
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NewsMatchesfashion poaches new creative director from Asos
Matchesfashion has named former Asos global brand creative director John Mooney as its new executive creative director.
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NewsMatchesfashion owner injects £60m to revive business under new leadership
Matchesfashion has announced that its owners, private equity firm Apax Partners, are set to invest £60m into the business.
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Retail VoiceHow retailers can stand out for what they stand for
Brands should focus on inspiring and not interrupting, says Pinterest’s Tim Woollias, who takes a look at three retailers who have used inspiration to boost sales
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AnalysisRetail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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AnalysisSWOT analysis: Are ex-Asos boss Beighton and Matchesfashion a match made in heaven?
As former Asos boss Nick Beighton takes the helm of luxury ecommerce platform Matchesfashion, Retail Week explores where the business is now and what he could bring to the table.
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NewsMatchesfashion appoints former Asos CEO Nick Beighton as new boss
Matchesfashion has drafted in former Asos boss Nick Beighton as its new chief executive.
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NewsMatchesfashion appoints French department store boss as new CEO
Matchesfashion has named Paolo de Cesare as its new chief executive.
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Retail Navigator AnalysisMatches (SWOT)
Heavy investment, geared particularly at international growth and developing the infrastructure and physical presence to support this, has meant that profits have come under severe pressure over the past few years. The retailer slumped to a loss at both the pre-tax and operating level in the year to end-January 2020 (FY2019), with losses escalating as the pandemic seriously impacted the business.
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Retail Navigator AnalysisMatches (Overview)
Matches is a luxury fashion retailer for men and women, selling more than 600 designer brands across 170 countries, with retail sales approaching £400m in the year to end-January 2023 (FY2022). Yet as losses mounted, the retailer was acquired by Frasers Group in a £52m deal in December 2023. As trading continued to deteriorate, Frasers called in the administrators in March 2024, with a buyer now sought.
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Retail Navigator AnalysisMatches (Financials)
In the face of the changing shift in retail channels as trading patterns have normalised following the pandemic, plus headwinds from its withdrawal from Russia, Matches delivered a 12.0% increase in order demand from £677.1m in FY2021 to £758.2m in FY2022 (year to end-January 2023).
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NewsMatchesfashion chief executive Ajay Kavan exits
Matchesfashion boss and former Amazon executive Ajay Kavan has exited the business with immediate effect after a year in the role.
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AnalysisCan you still go from the shopfloor to the board room in retail?
In the latest story in our No Limits campaign, which aims to drive social mobility in retail, we explore if it is still possible to progress from stores to the top job