Matches
FormerlyMATCHESFASHION.COM
Industry
FoundedLondon in 1987
FounderTom Chapman
Ruth Chapman
Headquarters
London
,
United Kingdom
Number of locations
6
Area served
Worldwide
Key people
  • Nick Beighton (CEO)
ProductsMen's Fashion
Women's Fashion
Accessories
Clothes
Shoes
Accessories
BrandsMatches
Raey
ParentFrasers Group
Websitewww.matchesfashion.com

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. Matches has been owned by Frasers Group since December 2023.[1]

History

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]

Ajay Kavan stepped down as CEO of Matches Fashion in March 2021.[5] In September 2021, Paolo de Cesare became CEO of Matches Fashion.[6]

On 12 July 2022, Matches confirmed Nick Beighton as its new CEO.[7] Following this Matches received £60m from Apax.[8] to power it's turnaround.

On 3 November 2022, Matches rebranded from Matchesfashion to Matches.[9]

On 13 April 2023, at Matches 5 Carlos Place, London – the retailer’s townhouse which doubles as a physical store and events space – ‘The World of Loewe’ puts the anthurium flower at its centre with an immersive installation.[10]

On 17 Jul 2023, Matches held a series of private shopping events[11] showcasing its exclusive vacation capsules, with items that run the gamut from summer evening gowns from Giambattista Valli and beach cover-ups from Missoni to crochet Gucci accessories.

On 9 August 2023, Matches partnered with Sellier Knightsbridge to sell vintage bags.[12]

On 17 September 2023, Vogue100 hosted a breakfast At Matches’ Townhouse During London Fashion Week.[13]

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."[14]

In 2023 Matches collaborated with Aston Martin, the British maker of luxury sports cars.[15]

In 2023 Frasers Group acquired Matches Fashion for £52 million from private equity firm Apax Partners.[1][16]

Distribution

There is one "logistic centre" in the UK. Matches also maintains studios to produce pictures of the merchandise with photographers in the UK.

See also

References

  1. 1 2 Frasers Group buys Matches Fashion for £52m Henry Saker-Clark, The Independent, December 20, 2023
  2. ↑ "Matchesfashion.com co-founder: "Leaders must rethink what's possible and deliver meaningful change"". www.managementtoday.co.uk. Retrieved 16 November 2020.
  3. ↑ "Ruth Chapman: 'In fashion, when women talk, men listen. That's an". Evening Standard. 5 September 2013. Retrieved 16 November 2020.
  4. ↑ "Husband and wife bank £400m from sale of Matchesfashion.com". the Guardian. 1 September 2017. Retrieved 27 January 2022.
  5. ↑ Conti, Samantha (1 March 2021). "Ajay Kavan Steps Down as Matchesfashion CEO After One Year". WWD. Retrieved 27 January 2022.
  6. ↑ Socha, Samantha Conti, Miles; Conti, Samantha; Socha, Miles (20 September 2021). "Matchesfashion Picks Paolo de Cesare as CEO". WWD. Retrieved 27 January 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
  7. ↑ UK, FashionNetwork com. "Matchesfashion confirms Nick Beighton as its new CEO". FashionNetwork.com. Retrieved 12 November 2023.
  8. ↑ "MATCHESFASHION | Apax Partners". www.apax.com. Retrieved 12 November 2023.
  9. ↑ UK, FashionNetwork com. "Matchesfashion confirms Nick Beighton as its new CEO". FashionNetwork.com. Retrieved 12 November 2023.
  10. ↑ Jack Moss (13 April 2023). "In bloom: a flower-filled Loewe café has popped up at Matchesfashion". wallpaper.com. Retrieved 12 November 2023.
  11. ↑ Lockwood, Lisa (17 July 2023). "Matches Heading Out to the Hamptons for Series of Activations". WWD. Retrieved 12 November 2023.
  12. ↑ Adegeest, Don-Alvin (9 August 2023). "Matches partners with Sellier Knightsbridge to sell vintage bags". FashionUnited. Retrieved 12 November 2023.
  13. ↑ "Vogue100 Hosted An Intimate Breakfast At Matches's Townhouse During London Fashion Week". British Vogue. 18 September 2023. Retrieved 12 November 2023.
  14. ↑ "Matchesfashion Saw Slight Revenue Drop in 2022". The Business of Fashion. 1 November 2023. Retrieved 12 November 2023.
  15. ↑ Mohammed, Hikmat (23 November 2023). "Matches Switches Luxury Gears With Aston Martin Collaboration". WWD. Retrieved 4 December 2023.
  16. ↑ Mike Ashley’s Frasers Group Buys Matchesfashion Business of Fashion, TAMISON O'CONNOR and ROBERT WILLIAMS, 20 December 2023

51°27′33″N 0°7′55″W / 51.45917°N 0.13194°W / 51.45917; -0.13194

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