Author: BBC

The Chapmans sold a majority stake in the business to private equity group Apax Partners in 2017, who then sold the business on to Frasers Group.Media reports suggested the company had been pushing for discounts from its suppliers in recent weeks.”It appears that the issues at Matches were more significant than Frasers first thought,” said Catherine Shuttleworth, chief executive of retail analysis firm Savvy.”Consumer confidence remains fragile and even luxury clothing shoppers are changing purchase behaviour. We know that 74% of shoppers are cutting back on the number of clothes that they buy.”In a statement Frasers Group said the business…

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