Victoria Beckham is demanding her dresses back in ‘the mother of all returns’ after the fashion company’s collapse
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Victoria Beckham has called in the ‘mother of all returns’ after the collapse of fashion group Matches.
The former Spice Girl and bosses at her VB label have demanded the online retailer return all the summer stock she sent it in March, only to be told days later that the company had failed.
A VB source says she has been working with Mike Ashley’s Frasers Group, which bought Matches last December, to get her clothes back because she fears the company, now in administration, might not pay her.
There are currently 68 VB lines for sale on the website. The source said: ‘Matches continues to sell designer clothes online and has promised to pay for it all. But some brands, like VB, have insisted on getting the item back so they can sell it themselves. Not everyone is convinced that Mike Ashley’s outfit – and the administrators – will pay up.’
The former Spice Girl and bosses at her VB label have demanded the online retailer return all of its summer stock
Luxury womenswear brand Cefinn, owned by Samantha Cameron (pictured), was worried it would not earn back a huge summer order from the retailer
Different brands have their own arrangements with Matches. In VB’s case, Victoria has ordered her entire collection to be sent back – which has been agreed in principle. Smaller brands had to write off their inventory and now face losing their business.
Luxury womenswear brand Cefinn, owned by Samantha Cameron, was worried it would not get a huge summer order back from the retailer. The Foreign Secretary’s wife feared financial turmoil after she made huge quantities of Cefinn clothes for Matches and sent the order without being paid in advance. When administrators moved in, she was told her clothes were no longer needed and she was forced to foot the bill – until VB paved the way for a colossal comeback.
A source said: ‘After VB demanded all its shares back, Cefinn followed suit and insisted on a full return. Matches has agreed to do so in principle for both brands. Shipments have started, but it is a slow process. It’s the mother of all returns.’
There were fears among staff that the Matches closure would push Cefinn to the brink of collapse, although the MoS understands the business now expects to survive.
Cefinn, VB, Matches and Frasers Group declined to comment.