Turnaround Tag

  LONDON — Private equity investor Apax has given Matchesfashion a vote of confidence in the form of 60 million kilos in fresh funding. The investment comes on the heels of an improved performance under the newest chief executive officer Nick Beighton, who joined the retailer last summer. The 60 million kilos is comprised of 40 million kilos in fresh equity, and 20 million kilos in debt. It represents Apax’s largest commitment to Matchesfashion because it purchased the corporate in 2017 from founders Tom and Ruth Chapman, and other investors. Beighton told WWD the 60 million pound injection was a show of “confidence in my executive team, strategy and potential.” He said the cash means “we’ll have the ability to raised utilize technology, product, logistics...