On 21st July 2024 Matches closed its doors for the final time after Frasers Group[1] put it into administration after only two months of ownership.

[4] Six months after Ajay Kavan stepped down from his role,[5] Paolo de Cesare became CEO of Matches Fashion in September 2021.

[7] In 2023, Matches saw a revenue drop, but said it has grown its customer base in its UK and US markets and has "improved underlying profitability.

"[9] In 2023, Frasers Group acquired Matches Fashion for £52 million from private equity firm Apax Partners.Mike Ashley’s Frasers Group Buys Matchesfashion Business of Fashion, TAMISON O'CONNOR and ROBERT WILLIAMS, 20 December 2023 In 2024, months after Frasers Group acquired Matches Fashion for £52 million, they placed the business into administration and cut over half of staff.

[10] Matches CEO Nick Beighton and CFO Dave Murray both left the fashion retailer a week after it entered administration.