Luxury Briefing: How did 2 luxury retailers end up in the bargain bin?

This week, a look at the sell-offs of Farfetch and Matches, and what went wrong at the companies that led them to their fate. Scroll down to use Glossy+ Comments, giving the Glossy+ community the opportunity to join discussions around industry topics.

2023 has been a difficult year for luxury, in light of slowdowns in spending and creative director reshuffling. But perhaps no part of the industry has suffered more than multi-brand luxury e-tailers. Two big names in the space, Farfetch and Matches — the latter recently renamed from Matchesfashion — were sold for pennies on the dollar this week, owed to a combination of low sales, high debt and an increasingly difficult investment market.

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