• JOIN US
  • SIGN IN
  • Our team
  • Advisers
  • ABOUT

The Industry London

  • Home
  • News & Insight
    • Business
    • Retail & Etail
    • Tech & Media
  • Fashion
    • Trends
    • Brands & Designers
  • People
    • Moves
    • Experts
    • Interviews
  • Members
    • Join Us
    • ind-directory
  • EVENTS
    • Save the Date
    • IND-TV

Posted In Business, News & Insight, Retail & Etail

Major PE firms said to be circling £600m Matchesfashion

Lauretta Roberts | 12th August 2017

 0
Matchesfashion Notting Hill

Major private equity houses are reportedly circling Matchesfashion, which is said to be valued in the region of £600m.

According to Sky News, Apax, KKR and Permira are among those interested in tabling bid for the luxury multichannel retailer, which was established by Tom and Ruth Chapman 30 years ago. Bain Capital is also said to be running the rule over the business in a sale process that is being run by Catalyst Corporate Finance.

The report comes after it was first revealed last month that the business may be sold as its minority stakeholders Scottish Equity Partners and Highland Capital, who invested £32m five years ago, seek to exit.

Tom and Ruth Chapmans remain the major shareholders in the business and, should the valuation be proved correct, a sale could land them £300m. However Sky News reports that they may seek retain a large stakeholding and only allow a minor stake to be sold, although the PE houses would be keen to have a controlling stake.

Matchesfashion was founded as a boutique in Wimbledon Village in 1987 and the business went on to open several more in well-heeled London neighbourhoods including Richmond, Notting Hill and Marylebone. Earlier this year it opened a dedicated boutique for its own label Raey in Notting Hill.

It moved into ecommerce in 2006 (its website stocks around 400 brands and ships globally) and in 2015 the Chapmans handed over the CEO reins to Ulric Jerome to become co-chairs of the business. It has since been innovating with technology and logistics, such as launching a dedicated French language site and offering 90-minute deliveries within London.

In March Matchesfashion revealed that sales in the 2016 financial year had increased by 61% to £204m, while EBITDA was up nearly six-fold at £19m.

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInPin on Pinterest
Tags / Apax Partners, ecommerce, KKR, Luxury, Matchesfashion, Omnichannel, Permira, Private Equity, Ruth Chapman, Tom Chapman, Ulric Jerome

About Author / Lauretta Roberts

Lauretta Roberts is managing director and Editor-in-Chief of The Industry, having acquired the business along with business partner Antony Hawman in July 2015. She is also the former director of brand & propositions of trend forecaster WGSN and a former editor of Drapers magazine.

You Might Also Like

Shop Direct

Shop Direct owners call off sale process

20th July 2017

Boohoo makes play for Nasty Gal

30th November 2016

Shopping app developer Poq raises $4m in funding round

27th July 2016
Previous Post
Next Post

SUBSCRIBE TO OUR FREE DAILY NEWSLETTER

Trending on The Industry

  • SS18 key detail: The ruche hour
  • Galvan opens first “Studio” retail space in London
  • ASOS annual sales approach £2bn as it posts 33% growth
  • Cords & Co opens store in London’s Soho
  • Superdry opens first store with dedicated Sports entrance

ADVERTISEMENTS

Connect with us

INDLONDON TWEETS

Our Daily Update newsletter is out featuring SS18 Trends, ASOS and Galvan. Read it & sign up for your free copy here https://t.co/1D2F4ApeEh

Reply on TwitterRetweet on TwitterLike on Twitter

SS18 #fashion trends: The Ruche Hour. Whether it's a lasting trend or not we will see lots of ruching come next year https://t.co/dC82cYhnW2

Reply on TwitterRetweet on TwitterLike on Twitter
Load More...

ON INSTAGRAM @INDLONDON

  • 6 hours ago by indlondon Modern luxury eveningwear brand  @galvanlondon  has opened a new "Studio" retail concept in Notting Hill, which combines a store, workspace, archive, showroom and bridal atelier all in one space. Customers can access a number of services from the store including pre-ordering forthcoming collections, ordering from the archive, fittings of online orders, complimentary home deliveries and more. More  @indlondon  home page (link in bio)  #fashion   #retail   #luxuryfashion   #eveningwear   #galvanlondon   #nottinghill   #omnichannel 
  • Online luxury fashion platform farfetch has been named the UKshellip
    2 weeks ago by indlondon Online luxury  #fashion  platform  @farfetch  has been named the UK's fastest growing retailer ahead of giants such as JD and ASOS in a report released today by OC&C; Strategy Consultants and Financo. The business achieved growth of 70% in 2016. Find out who else made the cut with the report now live on  @indlondon  home page (link in bio)  #retail   #ecommerce   #fashionretail   #luxuryfashion   #farfetch   #JD   #asos 
  • US luxury accessories and fashion group coach has opened thehellip
    2 weeks ago by indlondon US luxury accessories and fashion group  @coach  has opened the doors of is debut store in Birmingham  @bullring  The 280 sqm store is its fourth UK store outside of London. More info and images  @indlondon  home page (link in bio).  #coach   #fashionretail   #birmingham   #bullringbirmingham   #retail   #fashion   #luxuryaccessories 
  • 5 days ago by indlondon "Without immigration, we’d be selling potato sacks. We need beautiful minds from around the world. Working with beautiful materials from around the world. To make beautiful things for people around the world." British fashion retailer Jigsaw has taken over Oxford Street tube station with its ♥immigration advertising campaign and manifesto (an extract of which is featured above). The campaign celebrates diversity and the positive benefits immigration has had on its business and the country as a whole. More info and images  @indlondon  home page (link in bio). We'd just like to give this one a big ❤️
  • 5 days ago by indlondon Millennial pink, khaki jackets, unicorns and the end of fast fashion, these were just some of the overriding trends of 2017 according to the latest Retail Report from department store John Lewis. The hotly anticipated annual report acts as a record of how Britons live and what they wear. The latest version was unveiled today. More  @indlondon  homepage (link in bio).  #millennialpink   #trends   #fashiontrends   #khakijackets   #johnlewis   #retailtrends   #fastfashion 

Find us on Facebook

Connect with The Industry

About Us

About
Join us
Events

CONTACT US

Contact
Our team

Tags

#WattsWhat Accessories Advertising Asos Athleisure Brexit British Fashion Council Burberry Catwalks Christopher Bailey Coach Collaborations David Watts Department stores ecommerce etail Farfetch Footwear GUCCI High street John Lewis London Fashion Week Luxury Marketing Marks & Spencer media menswear NET-A-PORTER New York Fashion Week Next property Retail Sandra Halliday Selfridges Shopping malls social media Sportswear SS17 Swarovski Crystallized Technology The Industry Topshop Trends Vogue YOOX NET-A-PORTER Group

Widget Area 3

Assign a Widget

© Copyright Magnus Media & Events Ltd. 2017

7ads6x98y