An additional 91 Matches Fashion staff members have been made redundant following Frasers Group’s intellectual property (IP) deal.
On Monday, the Sports Direct and Flannels owner said it had snapped up Matches’ IP for an undisclosed amount, however the deal did not include the company’s remaining workers or £83m of stock, Drapers reported.
The administrators said 91 staff members had lost their jobs after the transaction, on top of the 273 workers who were made redundant in March when Frasers hired Teneo as administrator to the business, less than three months after purchasing Matches for £52m.
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Roughly 120 workers currently remain at the business, including employees across trading, finance, customer service, distribution and the stores.
Last week, former Matches boss Nick Beighton branded the company’s administration as “unnecessary”.
The ex-chief executive, who left the retailer in March, believed there was still a chance to turnaround the luxury ecommerce platform before owner Frasers Group placed it into administration.
Speaking at the Retail Technology Show, he said: “Frasers did what Frasers did. It’s their choice as shareholders. It wasn’t necessary in my opinion.”
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