Matches fashion uk

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Matches is a global luxury e-commerce platform, shipping to over countries. Matches offers ready-to-wear, shoes, bags and accessories for womenswear, menswear and lifestyle products. The business operates online and via three stores in London , England. Since December , Matches has been owned by Frasers Group. Tom Chapman and Ruth Chapman opened the first store in Wimbledon Village in , and opened an online store in

Matches fashion uk

By Harry Wise. Updated: GMT, 8 March Matches Fashion has fallen into administration less than three months after its acquisition by Frasers Group. Frasers said at the time that the purchase would help develop its elevation strategy, which includes greater investment in online operations, targeting more affluent consumers, and expanding its luxury retail offering. However, the Derbyshire-headquartered company noted Matches is still lossmaking and has 'consistently missed' certain business plan targets since the takeover. It added that Matches' bosses believed 'too much change' was needed to restructure the business and that continued financing requirements would be 'far in excess of amounts that the group considers to be viable. Matches was founded as a single store in Wimbledon Village in by married couple Tom and Ruth Chapman, who reportedly named it after the former's a-day cigarette habit. Often considered a rival to Net-a-Porter, the business sells hundreds of luxury brands across its shops and website, such as Prada, Gucci, Balenciaga, Christian Louboutin, Stella McCartney and its own label, Raey. In recent years, the company has struggled to remain profitable amid Brexit-related uncertainty, lockdown curbs depressing demand for expensive clothes, and a global slowdown across the luxury sector. Following a host of short-lived chief executives, former ASOS boss Nick Beighton arrived in August and launched a three-year turnaround plan focused on attracting a younger clientele and 'getting the fundamentals right. Victoria Scholar, head of investment at Interactive Investor, said the firm's collapse 'shows how even the e-commerce sector, which is relieved of many bricks and mortar cost pressures, is still facing immense financial stress amid the weak global growth backdrop. She added: 'Its rival Net A Porter similarly struggled with losses in the first half of last year. A lack of management continuity, with a series of quick-successive CEO changes in recent years, hasn't helped Matches Fashion either. Some links in this article may be affiliate links.

But when shopping for luxury, matches fashion uk, there should also be a time and a place for the unexpected — something British multi-brand stores were particularly good at. Since DecemberMatches has been owned by Frasers Group.

Launched in the late Eighties as a brick-and-mortar boutique in Wimbledon by husband-and-wife duo Tom and Ruth Chapman, Matches quickly became known for its curated, fashion-forward edit of brands, bringing international names like Prada to the UK and championing emerging talent. Harvey Nichols, once the most fashionable department store in London, has long lost its shine. With the decline of so many beloved stores, what does it mean for how we shop? Retailers like Matches exist to offer a carefully edited selection of brands and pieces for shoppers. The result is a place of discovery and delight for fashion enthusiasts, who turn to trusted retail names to find new and exciting brands alongside the well-known labels they already love.

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Matches fashion uk

Matches is a global luxury e-commerce platform, shipping to over countries. Matches offers ready-to-wear, shoes, bags and accessories for womenswear, menswear and lifestyle products. The business operates online and via three stores in London , England.

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As a tax raid hits landlords, we reveal which will give YOU a bigger retirement nest egg Previous. Victoria Scholar, head of investment at Interactive Investor, said the firm's collapse 'shows how even the e-commerce sector, which is relieved of many bricks and mortar cost pressures, is still facing immense financial stress amid the weak global growth backdrop. British Vogue. Tom Chapman Ruth Chapman. Hide this message. Confirmation statement Next statement date 9 May due by 23 May Last statement dated 9 May A lack of management continuity, with a series of quick-successive CEO changes in recent years, hasn't helped Matches Fashion either. Watch Next. Last accounts made up to 31 January Share or comment on this article: Luxury fashion seller Matches Fashion put into administration e-mail. Categories : Online retailers of the United Kingdom Clothing retailers of the United Kingdom Shops in London Retail companies established in E-commerce in the United Kingdom British brands Clothing brands of the United Kingdom Internet properties established in mergers and acquisitions. Next statement date 9 May due by 23 May

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Retrieved 16 November Next statement date 9 May due by 23 May Since December , Matches has been owned by Frasers Group. Often considered a rival to Net-a-Porter, the business sells hundreds of luxury brands across its shops and website, such as Prada, Gucci, Balenciaga, Christian Louboutin, Stella McCartney and its own label, Raey. ELLE Collective is a new community of fashion, beauty and culture lovers. Energy firms refuse to give customers new smart meter displays Do Virgin Money and Tesco Bank deals signal end of the road for the original challenger banks? We do not allow any commercial relationship to affect our editorial independence. Next accounts made up to 31 January due by 31 October On 9 August , the company partnered with Sellier Knightsbridge to sell vintage bags. London , United Kingdom.