Frasers Group PLC is in talks to buy Matchesfashion, a luxury clothing retailer, from its private equity owner since 2017, Apax Partners, Sky News reported on Saturday.

Citing ‘City sources’, Sky said Frasers is among a small group of bidders that submitted offers early last week. Frasers would likely pay in excess of £50 million for Matchesfashion, whose business has struggled, according to Sky, citing an ‘insider’.

Sky said fellow London-listed retailer Next PLC also is said to have expressed an interest in buying Matchesfashion.

https://news.sky.com/story/retail-tycoon-ashley-plots-cut-price-swoop-on-matchesfashion-13031499

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