Frasers Group to acquire MATCHES from Apax Partners for £52m.

Frasers Group, a British retailing group, agreed to acquire MATCHES, a manufacturer of casual chic wear of knitted jerseys and fleece garments, from Apax Partners, an independent global partnership focused solely on long-term investment in growth companies, for £52m. "MATCHES has always been a leader in online luxury retail and has incredible relationships with its brand partners. This acquisition will strengthen Frasers' luxury offering, further deepening our relationships and accelerating our mission to provide consumers with access to the world's best brands. Whilst the global luxury environment is softer, we are confident that, by leveraging our industry-leading ecosystem, we will unlock synergies and drive profitable growth for MATCHES," Michael Murray, Frasers CEO.