Formerly | MATCHESFASHION.COM |
---|---|
Industry | |
Founded | 1987 | , in London
Founder |
Tom Chapman Ruth Chapman |
Fate | Entered into administration |
Headquarters | , |
Number of locations | 6 |
Area served | Worldwide |
Key people |
|
Products | Men's Fashion Women's Fashion Accessories Clothes Shoes Accessories |
Brands | Matches Raey |
Parent |
|
Website |
www |
Matches is a global luxury e-commerce platform, shipping to over 200 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 2023, Matches has been owned by Frasers Group. [1]
Tom Chapman and Ruth Chapman opened the first store in Wimbledon Village in 1987, and opened an online store in 2007. [2] In 2012, the Chapmans sold a £20,000,000 stake to venture capital firms to help build its online presence. [3] In 2017, the founders sold the business to private equity firm Apax for an estimated £400 million. [4]
Six months after Ajay Kavan stepped down from his role, [5] Paolo de Cesare became CEO of Matches Fashion in September 2021. [6] After confirming that Nick Beighton would be its new CEO on July 12, 2022, [7] the company received £60m from Apax. [8] to power its turnaround.
On 3 November 2022, it rebranded from Matchesfashion to Matches. [7]
In 2023, Matches saw a revenue drop, but said it has grown its customer base in its UK and US markets and has "improved underlying profitability." [9]
In 2023, Frasers Group acquired Matches Fashion for £52 million from private equity firm Apax Partners. [1] [10]
In 2024, months after Frasers Group acquired Matches Fashion for £52 million, they placed the business into administration and cut over half of staff. [11] Matches CEO Nick Beighton and CFO Dave Murray both left the fashion retailer a week after it entered administration. [12]
{{
cite web}}
: CS1 maint: multiple names: authors list (
link)
Formerly | MATCHESFASHION.COM |
---|---|
Industry | |
Founded | 1987 | , in London
Founder |
Tom Chapman Ruth Chapman |
Fate | Entered into administration |
Headquarters | , |
Number of locations | 6 |
Area served | Worldwide |
Key people |
|
Products | Men's Fashion Women's Fashion Accessories Clothes Shoes Accessories |
Brands | Matches Raey |
Parent |
|
Website |
www |
Matches is a global luxury e-commerce platform, shipping to over 200 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 2023, Matches has been owned by Frasers Group. [1]
Tom Chapman and Ruth Chapman opened the first store in Wimbledon Village in 1987, and opened an online store in 2007. [2] In 2012, the Chapmans sold a £20,000,000 stake to venture capital firms to help build its online presence. [3] In 2017, the founders sold the business to private equity firm Apax for an estimated £400 million. [4]
Six months after Ajay Kavan stepped down from his role, [5] Paolo de Cesare became CEO of Matches Fashion in September 2021. [6] After confirming that Nick Beighton would be its new CEO on July 12, 2022, [7] the company received £60m from Apax. [8] to power its turnaround.
On 3 November 2022, it rebranded from Matchesfashion to Matches. [7]
In 2023, Matches saw a revenue drop, but said it has grown its customer base in its UK and US markets and has "improved underlying profitability." [9]
In 2023, Frasers Group acquired Matches Fashion for £52 million from private equity firm Apax Partners. [1] [10]
In 2024, months after Frasers Group acquired Matches Fashion for £52 million, they placed the business into administration and cut over half of staff. [11] Matches CEO Nick Beighton and CFO Dave Murray both left the fashion retailer a week after it entered administration. [12]
{{
cite web}}
: CS1 maint: multiple names: authors list (
link)