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Designer brands owed millions after Matchesfashion collapse
Some customers of the online fashion site, which owed more than £210m when it collapsed in March, are also unable to get refunds
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after online fashion site Matchesfashion collapsed owing more than £210m last month. Matches, founded in 1987 as a boutique in the London suburb of Wimbledon by husband and wife Tom and Ruth Chapman, collapsed on 8 March after it was hit by widespread discounting and softening demand for luxury fashion. Wealthy customers have been forced to rein in spending due to higher interest rates on mortgages and loans, and a 32% rise in average prices of luxury fashion since 2019, according to Teneo.
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