Frasers Group Buys Back Matches’ Intellectual Property, but Not the Stock

In a brief statement to the London Stock Exchange on Monday, Frasers said it reached an agreement with Matches’ joint administrators to acquire “certain intellectual property assets only.”

As reported, Matches has been offering deep discounts on thousands of items from a host of designers through its website and three As reported, brands and suppliers have been tapping lawyers to help them recoup outstanding payments and warehouse stock from Matches, which Frasers placed into administration at the beginning of March. The second preferential creditor is HMRC, the U.K. tax office, which has a claim of 1.2 million pounds.

Source: Real Estate Daily Report (realestatedailyreport.net)

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