Frasers Group has announced the acquisition of global luxury e-commerce platform MATCHES in a deal valued at 52 million pounds.

CEO of Frasers Group, Michael Murray, stated, "MATCHES has always been a leader in online luxury retail and has incredible relationships with its brand partners. This acquisition will strengthen Frasers’ luxury offering, further deepening our relationships and accelerating our mission to provide consumers with access to the world’s best brands."

Nick Beighton, Chief Executive Officer of MATCHES, will work closely with the Frasers team to develop a strategy to successfully build on the underlying strength of the business whilst rapidly unlocking synergies with Frasers.