“Matches is continuing to sell designer clothing online, and has promised to pay for it all. But some brands, like VB, have insisted on getting the stock back so they can sell it themselves. Not everyone is convinced Mike Ashley’s outfit – and the administrators – will pay up,” the source explained.
Currently, there are 68 VB lines still up for sale on the website, these products range in price from £190 to an eyewatering £1,450.
When the Fraser Group announced Matches’ impending shutdown in March, it said it had run out of ways to stabilise the business, and “it has become clear that too much change would be required to restructure it”.
“The continued funding requirements would be far in excess of amounts that the Group considers to be viable,” the statement went on to say.
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“In light of this, Frasers has been informed that the directors of Matches have taken the decision to put the Matches group into administration. Frasers remains committed to the luxury market and its brand partners.”
Victoria launched her label in New York in 2008 intending to create wearable yet sophisticated ready-to-wear pieces for “the modern woman’s wardrobe”.
The brand has since expanded, and today it offers footwear, eyewear, and leather goods.
It also has an off-shoot brand Victoria Beckham Beauty, which specialises in makeup and skincare as well as perfume.
