Fashion, luxury brands that supplied Matches are hoping to claw back outstanding payments for orders and deliveries following Matches administration.
, brands and suppliers have been tapping lawyers to help them recoup outstanding payments and warehouse stock although they may come away disappointed.
Although the brand’s lawyers are in touch with the administrators, the process still has to play out before anything is resolved. Administration can take up to a year, although industry sources believe the team at Teneo Financial Advisory Ltd. could find buyers for all, or parts, of Matches within the next few months.EXCLUSIVE: Victoria Beckham Takes a Trip Back to Spain for Debut Mango Collection
Garde Due, who declined to specify how much the company is owed, said he is relieved about one thing.The Matches U.K. site is offering 25 percent off thousands of items from brands including The Row, Toteme, Alaïa, Valentino andCecilie Bahnsen isn’t the only brand waiting for answers. Hundreds of companies sell through Matches and most of them had wholesale agreements.
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