LONDON — Mike Ashley’s Frasers Group has repurchased the intellectual property and non-tangibles of luxury retailer Matches just two months after placing the company into administration. In a brief statement to the London Stock Exchange on Monday, Frasers said it reached an agreement with Matches’ joint administrators to acquire “certain intellectual property assets only.” Those assets are understood to be … Read more
LONDON — Nick Beighton, the last hope of Matches’ former owners Apax Partners and the retailer’s fourth chief executive officer in five years, is out after less than two years in the role. According to Companies House, the register of U.K. businesses, his directorship has been terminated. Matches’ administrators Teneo, which is seeking buyers for all … Read more
LONDON — As Matches grinds its way through a bankruptcy process under administrators Teneo, brands and suppliers have been tapping lawyers to help them recoup outstanding payments and warehouse stock although they may come away disappointed. “We’re trying to find a constructive, commercial solution, but it’s hard to get a dialogue going because the people … Read more
LONDON — Frasers Group is putting luxury online retailer Matches into administration two months after buying it at a knockdown price from Apax Partners. In a statement released to the London Stock Exchange late Thursday, Frasers said Matches “has consistently missed its business plan targets and … has continued to make material losses. While Matches’ management … Read more
