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I would not discount that possibility.I saw a quote from one of the Matches employees that they just laid a ton of people off with no severance package. They were one of my favorite retailers back when they used to carry DBF and Margaret Howell.
I wonder if MrP’s 25% off everything sale is a harbinger of doom for them.
Richemont Says Yoox Net-a-Porter Lost $137 Million In First Half As Sales Fell 10%
Richemont reported a six-month operating loss of €0.7 billion in its “discontinued operations” unit comprising Yoox Net-a-Porter (YNAP), citing continued losses and a €0.5 billion write-down.
www.businessoffashion.com