It’s been a tumultuous decade or so for Matches, the luxury e-tailer that Ruth and Tom Chapman founded as a boutique in West London in 1987—which, as you know, went on to become an online luxury force that platformed many British designers, from Grace Wales Bonner to Simone Rocha to Susie Cave of The Vampire’s Wife. Private equity firm Apax Partners nabbed the company from the Chapmans in 2017 at a $1 billion valuation, and sold it seven years later to Frasers Group, retail veteran Mike Ashley’s holding firm, for… £52 million, or about $66 million.