Formerly | MATCHESFASHION.COM |
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Industry | |
Founded | 1987 | , in London
Founder | Tom Chapman Ruth Chapman |
Fate | Entered into administration |
Headquarters | , |
Number of locations | 6 |
Area served | Worldwide |
Key people |
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Products | Men's Fashion Women's Fashion Accessories Clothes Shoes Accessories |
Brands | Matches Raey |
Parent |
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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]
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Elizabeth Noelle Reno, known as Noelle Reno, is an American marketing leader, public speaker, and influencer who currently lives in London, United Kingdom.
Sebastian Suhl is a seasoned executive who was instrumental in Prada’s retail expansion and 2011 IPO and who later became CEO of Givenchy, leading the brand to significant growth in sales and profits.
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Marco Bizzarri is an Italian business executive, president and CEO of Gucci since January 2015 till December 2023. He previously was president and CEO of Stella McCartney (2005–2009) and Bottega Veneta (2009–2014), and joined Kering's executive committee in 2012.
Thomas Watson Chapman is a British entrepreneur and investor.
Stephen Hare is a British businessman and the chief executive of the multinational enterprise software company Sage Group.
Ruth Elizabeth Chapman is co-founder and former co-CEO of luxury fashion retailer MATCHESFASHION.COM.
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