The company has been put into administration after Frasers admitted Matches was making "material losses" and "consistently" missing targets set out to improve the business.
The online clothing platform employs about 700 people, but Frasers, best known for its ownership of Sports Direct, said the cash needed to keep the business going was "far in excess" of what it felt was viable.
Frasers, led by Michael Murray, bought Matches off Apax Partners in December.
Apax, which had owned the company since 2017, once valued it at more than $1 billion - a sign of how rapidly the UK retail sector has unravelled.
Diese Geschichte stammt aus der March 08, 2024-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 08, 2024-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Kylie Minogue loves the bar at Louie, startling Beefeaters and snooping in The Conran Shop
Currently it’s largely suitcase-based as I’ve been doing so much travel for work, but Melbourne, Australia, is home.
Are Spurs willing to invest what it takes to win trophies?
Criticism of the manager for the club's struggles misses the point-whatever he says, he's not been given a squad ready to push for the biggest honours
Crowning glory awaits Britain's golden girl
Odds-on favourite to win BBC Sports Personality, Keely Hodgkinson never doubted she was ready to conquer the world
Residents at war over £10 billion 'Shanghai-style' Earl's Court plan
Controversial proposals are causing a huge furore in west London
The secrets of selling the capital's £40m homes
Armed security, NDAs, a gold temple...inside the world of ultra high-end property deals
Jenny Packham on Amsterdam why is truly magical at Christmas time
The designer gets lost in the cobbled streets and is entranced by the city’s twinkling lights and unique spirit
Alfies Antique Market
Here is a place to blindly lose oneself in a labyrinth of staircases and thresholds.
Decline and fall: what comes after peak wellness?
The social elite are obsessed with devices that track their health but the backlash is building
The newest AI can arrange your holiday- but will it be a strictly woke one?
A lightning-quick artificial megabrain with an appetite for social justice? WILLIAM HOSIE has a chat with Claude Al
'Fame just isn't healthy
Mercury Prize-winning band English Teacher on the pressure of success, trying not to burn out and the challenges black women face in indie music
