Luxury retailer MatchesFashion sold for $ 1 billion

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MatchesFashion has been purchased by private equity firm Apax Partners at a reported $1 billion, according to The Business of Fashion. Founders of the lifestyle purveyor Tom and Ruth Chapman, as well as existing venture capital backers Scottish Equity Partners (SEP) and Highland Europe, … Read More

China’s Geely Buys Iconic British Luxury Automaker Lotus

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In another overseas acquisition for Chinese carmakers, prestige British car brand Lotus will soon be owned by China’s Geely. The Chinese auto giant also owns Sweden’s Volvo, and will assume ownership of Lotus from the brand’s current parent company, Malaysia’s … Read More