Matchesfashion collapse leaves creditors short as losses soar past £50m

Matchesfashion’s collapse has left creditors such as Prada, Burberry and Gucci owed a combined £50m, with hundreds of suppliers reportedly losing out.
The companies are among 956 unsecured creditors to the fashion retailer, The Times reported, which was purchased by Frasers Group in December 2023.
Frasers went on to put Matches into administration less than three months later.
Speaking at the time, the retail empire said that Matches had “consistently missed its business plan t