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UK's Frasers Group announces acquisition of Matches Fashion's IP

As part of the transaction terms, FG has granted a licence allowing the Joint Administrators to sell Matches Fashion&#**;s inventory for a limited period to benefit the Administration.

“Brands and suppliers should be aware that all stock held by Matches does not form part of the transaction and the Joint Administrators continue to manage all operations of the business for the benefit of the Administration,” the company said in a press note.