Frasers Group in talks to acquire Matchesfashion
Matchesfashion’s private equity backer Apax Partners is said to have invested as much as £600m of its investors' money in the brand
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Frasers Group is reportedly in talks to acquire Matchesfashion, which sells fashion brands including Balenciaga, Gucci and Valentino, according to reports from Sky News.
The company is said to be in detailed negotiations about a deal that could see it take control of the brand within days.
City sources told Sky that a number of firms were interested in the retailer and Next is also said to have expressed an interest in buying Matchesfashion.
One insider said that if completed, Frasers was likely to pay in excess of £50m for the business.
Matchesfashion’s private equity backer Apax Partners is said to have invested as much as £600m of its investors’ money in the brand.
Retail Sector has contacted Frasers Group for comment.
