Less than three months after being acquired by British retailer Frasers Group, high-end luxury clothing platform Matches is entering administration due to unsustainable losses.
Frasers Group’s attempt to revitalise the £52 million (approximately $66.5 million) purchase faced significant restructuring challenges, leading to the decision for administration.Less than three months after being acquired by British retailer Frasers Group, high-end luxury clothing platform Matches is entering administration due to unsustainable losses.
Frasers Group’s attempt to revitalise the £52 million (approximately $66.5 million) purchase faced significant restructuring challenges, leading to the decision for administration.
