Frasers Group puts Matches into administration
Frasers Group is putting online luxury fashion retailer Matchesfashion into administration after buying it less than three months ago.
Frasers, which also acquired cycling retailer Wiggle earlier this week, bought Matchesfashion in late December for £52m.
A notice of intention to appoint an administrator was filed on Thursday. It is understood that Teneo is being appointed to run the administration process, according to The Telegraph.
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