Frasers Group plc (FG) has finalised an agreement to acquire specific intellectual property assets from esteemed online fashion retailer, Matches Fashion. This strategic move follows an extensive marketing endeavor facilitated by the Joint Administrators overseeing Matches Fashion.
Under the terms of the agreement, FG has extended a license to the Joint Administrators, allowing them to oversee the sale of Matches Fashion's inventory for a limited duration, ultimately serving the interests of the administration.
Frasers Group emphasises that while the acquisition encompasses vital intellectual property assets, the existing stock held by Matches Fashion does not fall under the purview of this transaction. It reiterates that the joint administrators will continue to manage all operational facets of Matches Fashion to safeguard the interests of the administration, assuring brands and suppliers of seamless continuity in business operations.
