mike ashley
Lauren Sherman March 11, 2024
Notes on the dreadful Matches bankruptcy, announced just three months after the Frasers Group acquisition, and what it means for the broader Matches–Farfetch–Net-a-Porter Axis of Incompetence.
The luxury retailer Matches, once worth $1 billion, was bought by former Newcastle United owner Mike Ashley’s Frasers Group for $63 million.
Lauren Sherman December 21, 2023
Matches’ fire sale and Farfetch’s predatory bridge loan are the latest examples of a great industry-wide correction as egos, business models, and reality collide.