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MatchesFashion's mission is to offer the most personal luxury shopping experience in the world.
-4% employee growth in 12 months
Founded in 1987 as a single brick and mortar store, MatchesFashion's partial transition online in 2012 allowed them to put over 650 established and new generation designers onto the online marketplace; all whilst maintaining their brand image through their London stores. This combination of physical and online presence is part of the reason why MatchesFashion has led the fashion industry in recent years, becoming one of the world's most renowned and respected luxury retailers.
After its acquisition by Apax Partners in 2017, the company was valued at more than $1 billion. This figure shows that the demand for luxury fashion has done nothing but rise over the last decade, especially as iconic designers like Gucci become more and more sought after due to their popularity within celebrity culture. The future success of MatchesFashion will undoubtedly lie in its ability to keep up with luxury trends - something it is well set to carry on doing.
Matchesfashion has recently raised a large amount of capital in a fundraising round which will help it ride out the current volatility in luxury clothing markets. It has also shaken up its leadership team, tapping the expertise of the former CEO of ASOS, Nick Beighton. Early signs of a turnaround for MatchesFashion are encouraging, with its operations in the Middle East growing rapidly and holiday sales continuing to trend up year on year.
Kirsty
Company Specialist at Welcome to the Jungle
Jan 2023
$47.4m
GROWTH EQUITY VC
Sep 2012
$24.7m
EARLY VC
Nick Beighton
(CEO, not founder)Was previously CEO of ASOS. Currently is also Chairman of Secret Sales, an online designer outlet.
Joined as Brand Partnership Manager in 2016, promoted to Senior Brand Partnerships Manager after 2 years, then promoted again to Head of Brand Partnerships a year later.