Executive Summary

• Private equity firm Apax Partners has agreed to acquire a majority stake in UK luxury fashion retailer Matchesfashion.com for a reported £800 million ($1 billion).
• Matchesfashion’s £204 million revenues in 2017 put it in third place among multi-brand luxury e-commerce players, behind Yoox Net-a-Porter and Farfetch.
• In the year ended January 2017, Matchesfashion.com grew revenues by 61% and operating income by 1,526% year over year.